PENDLE jumps 17.7% amid rising volume and short squeeze, facing resistance at $1.68

PENDLE's price surged 17.71% to $1.47 with a 108% increase in trading volume, driven by strong buyer participation and a short squeeze that forced bearish traders out. The price formed higher lows above $0.983, signaling a shift from bearish to bullish momentum, but faces resistance at $1.681 which limits further gains. Exchange inflows suggest some selling pressure as holders take profits near resistance, potentially slowing the rally. If buyers maintain momentum and break above $1.681, PENDLE could target $2.35; failure to hold higher lows may lead to a retest of $0.983.