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Pendle price jumps 16.63% on rising utility demand and trader activity, but exchange inflows pose resistance.

Protocol Fundamentals
18 Apr 2026
AMBCrypto
View Source
Bullish
pluang ai news

Pendle (PENDLE) surged 16.63% with a 103% increase in trading volume, driven by growing utility demand and active yield-focused strategies within its ecosystem. The rally is supported by real usage in DeFi integrations and a recovery from the $0.98 support level toward a key resistance at $1.68. However, positive token inflows to exchanges suggest some holders are selling into strength, creating resistance near $1.68. Rising Open Interest indicates increased leveraged trading, showing trader confidence but also higher volatility risk. If demand and buyer control persist, PENDLE could push toward $2.33; otherwise, sell pressure may slow or reverse gains.

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