Pendle falls over 10% despite rising trading volume and active buyers at $1.16 support level.

Pendle (PENDLE) dropped more than 10% amid increased trading volume of $36.9 million, showing active market participation despite price weakness. Buyers remained aggressive, especially near the key $1.16 support, but sellers absorbed demand, preventing price gains. The MACD indicator signals ongoing bearish pressure, while a resistance zone at $1.40–$1.50 holds significant liquidity that could attract price if buyers strengthen. Holding $1.16 is critical; a break below could lead to sharper declines, while a rebound might target the overhead liquidity zone.