Pendle (PENDLE) surged 11.79% to $1.83 on a 344% volume spike, reflecting strong buyer demand and broad market participation. The price broke out from consolidation, moving past key support and resistance levels, but encountered resistance near $1.89, where sellers showed strength. Open Interest rose 22.03% to $93.8 million, indicating increased leveraged trading, while positive funding rates suggest bullish sentiment but also higher risk of volatility. If Pendle breaks above $1.89, the uptrend may continue; otherwise, a pullback could occur due to leveraged position unwinding.

More News (PENDLE)

Pendle buys back 1.7M tokens, distributes $1.4M in airdrops to sPENDLE holders

Pendle Finance has repurchased over 1.72 million PENDLE tokens since January 2026, distributing them to sPENDLE stakers under a new tokenomics model that allocates up to 80% of protocol revenue to biweekly buybacks. The revamped system replaces the o...

Protocol Fundamentals

Bullish

1 day ago