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.
Pendle Finance has surpassed 100 million staked tokens, representing 36% of its total supply, after replacing its vePENDLE lockup model with the more flexible sPENDLE liquid staking system. This change increased staking participation from 20% to 36%,...
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 abov...
