In this Pendle technical analysis, we will examine the current price action, trading volume, key levels and indicators for PENDLE-BTC. Pendle is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a secure and transparent way to invest in financial markets. With Pendle, users can access a wide range of financial instruments, including stocks, bonds, and derivatives, all within a single platform. Additionally, Pendle’s innovative use of smart contracts ensures that all transactions are executed efficiently and securely, without the need for intermediaries.
Pendle Price Overview:
As of July 07, 2024, Pendle is trading at approximately 7e-05 BTC. Let’s dive into the detailed price action for PENDLE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 7e-05 |
| High (H) | 7e-05 |
| Low (L) | 6e-05 |
| Close (C) | 7e-05 |
| Volume (C) | 224,740.70 |
- Open (O): The opening price for today’s trading session was approximately 7e-05 BTC.
- High (H): Pendle reached a daily high of around 7e-05 BTC.
- Low (L): The daily low for PENDLE-BTC was approximately 6e-05 BTC.
- Close (C): At the time of analysis, Pendle is trading near its daily close of 7e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.32% |
| 3D Change (%) | -4.09% |
| 7D Change (%) | -19.26% |
| 30D Change (%) | -17.94% |
| 90D Change (%) | -27.63% |
| YTD Change (%) | 131.74% |
Over the past three days, PENDLEBTC has fallen by approximately -4.09%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -19.26%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PENDLEBTC maintaining a downward trend of approximately -17.94%, despite intermittent fluctuations. Examining the last 90 days, PENDLEBTC has witnessed substantial drop of approximately -27.63%, reflecting strong long-term confidence. Year-to-date, PENDLEBTC has steadily increased by around 131.74%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Pendle Live Chart:
You can access a live price chart for PENDLE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.0947.
- Momentum score is -0.24191.
PENDLE BTC Technical Analysis
Pendle Trading Volume:
The trading volume for Pendle (PENDLE) over the past 24 hours has been insignificant, with approximately 224,740.70 BTC traded against PENDLE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PENDLE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Pendle is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PENDLE-BTC is currently in the low zone, around 43.30129. This suggests that Pendle is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Pendle (PENDLE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for Pendle (PENDLEBTC) at 6.51e-05 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
Missing our detailed breakdown on PENDLE USDT Pendle Technical Analysis would be a lost opportunity if you found value in this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.