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PENDLE drops 14% as bearish traders dominate with rising short positions and negative funding rates.

Technical Signals
28 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

PENDLE's price fell sharply by 14.19% amid a 24.9% increase in trading volume, reflecting strong selling pressure around the $1.50 level. Bearish sentiment intensified with 61.62% of Binance top traders holding short positions, pushing the Long/Short ratio down to 0.62. Negative funding rates further indicate aggressive short exposure, suggesting traders expect continued downside. If buyers fail to reclaim resistance near $1.45, PENDLE may test the critical $1.00 support zone before any recovery occurs.

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