On January 20, news broke that with the Pendle protocol officially launching a new staking and governance model, the PENDLE price showed clear signs of recovery, with the market refocusing on the key resistance level of $2.35. As of press time, PENDLE is trading at $2.07, up approximately 9% in the past 24 hours, indicating that after an earlier correction, bullish momentum is rebuilding.
From a price performance perspective, PENDLE has traded within a range of $1.86 to $2.31 over the past seven days. The weekly chart shows a slight decline, but the total increase over the past 30 days is nearly 9%, reflecting a gradual recovery of the medium-term trend. Alongside the price rebound, market activity has also increased, with 24-hour spot trading volume rising 34% to $63 million, suggesting that this rally is driven more by genuine participation rather than a short-term spike caused by low liquidity.
Derivative data also signals positive developments. Although overall derivative trading volume has slightly decreased, open interest has increased by nearly 10%, reaching approximately $45 million. This “volume contraction, open interest expansion” pattern often indicates traders are building new positions rather than taking profits and exiting, implying improved market expectations for the future.
The core factor driving this rebound is Pendle’s significant adjustment to its tokenomics model. On January 20, the protocol announced replacing vePENDLE with sPENDLE, introducing a more liquid staking scheme, removing the multi-year lock-up mechanism, and setting a 14-day exit period, while allowing instant redemption through fee payment. Under this new structure, protocol revenue will be used to buy back PENDLE and distribute to eligible sPENDLE holders. Additionally, the algorithmic issuance mechanism is expected to reduce token inflation by about 30%.
On the technical side, PENDLE has formed short-term support above $2, with Bollinger Bands continuing to narrow, indicating a compression of volatility. The RSI indicator has risen to a neutral zone. If the price can effectively break through the $2.30–$2.35 range, it could further test $2.60. Conversely, if it falls below $1.95, the upward structure will weaken. Currently, the market is waiting for a directional signal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PENGU Eyes $0.009 as Open Interest Surge Signals Breakout
Key Insights
PENGU’s tightening Bollinger Bands and neutral RSI show controlled accumulation, indicating momentum buildup that typically precedes significant price expansion in volatile markets.
Open interest climbed despite falling prices, reflecting new capital entering positions and
CryptoNewsLand19m ago
Cardano Price Eyes Breakout as ADA Forms Bullish Pattern
Key Insights
ADA forms a cup and handle pattern on the two-hour chart, signaling potential continuation if price breaks above the key resistance zone soon.
Trading volume and open interest rise together, confirming fresh market participation, while balanced liquidations indicate neither
CryptoNewsLand28m ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand1h ago
Shiba Inu Price Compression Signals Imminent Breakout Phase
Key Insights:
Shiba Inu trades near $0.0000060 as tightening volatility and reduced momentum signal an approaching breakout phase after months of sustained decline.
Open interest declines to $68 million, while persistent spot outflows highlight cautious sentiment and limited conviction
CryptoNewsLand1h ago
Shiba Inu Holds Support as 31.7B SHIB Flows to Exchanges
Shiba Inu is showing resilience despite a sharp increase in tokens moving to exchanges. Data indicates that 31.74 billion SHIB entered trading platforms within 24 hours, raising concerns about potential selling pressure. At the time of writing, SHIB trades at $0.000006229, marking a gain of 0.61% ov
CryptoFrontier1h ago
Ripple Altcoin Maintains Breakout Against Bitcoin, XRP Could See a Price Surge of Over 550%
Ripple altcoin maintains breakout against Bitcoin.
XRP could see a price surge of over 550%.
This could propel the price of XRP to a new ATH target at $10.
The crypto market continues to show strong signals for an explosive altcoin price run phase. This long-held hope that the
CryptoNewsLand4h ago
