Pendle price jumps 11.79% with strong volume but faces resistance near $1.89, signaling potential volatility ahead.

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.