PENDLE rallies 12% with strong volume, eyes key resistance for next breakout

PENDLE token gained 12% in 24 hours supported by a 50% rise in trading volume, signaling stronger market interest. It broke above the first resistance at $1.458 and is approaching the next at $1.475, with a potential move to $1.53 if it sustains above. Technical indicators like the Money Flow Index and Parabolic SAR show bullish momentum, while a protocol upgrade allowing borrowing against PT-AUSD positions adds utility and boosts community confidence. However, PENDLE must clear nearby resistance to confirm a broader upward breakout.