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PENDLE price jumps 11% with rising volume and leveraged trading, eyeing $1.38 resistance level.

Technical Signals
17 Apr 2026
AMBCrypto
View Source
Bullish
pluang ai news

PENDLE surged 11% in the last 24 hours alongside a 15% volume increase, signaling renewed trader interest after a quiet period. Open Interest rose 23.6% to $41M, showing more leveraged positions fueling the rally. The price bounced off $1.01 support but faces resistance near $1.38, with the market in consolidation rather than a clear breakout. Positive funding rates indicate a bullish bias, but crowded long positions could cause sharp moves if the price fails to hold key levels. Holding above $1.01 may lead to further gains, while falling below could trigger sell-offs.

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