Pendle (PENDLE)
Pendle crypto was headed downwards for the fourth consecutive sessions. The strong selling pressure after the breakdown of the 50 day EMA has dragged the price closer to a trendline support. At the time of writing, the PENDLE crypto was exchanging hands close to $5.08 incurring a 7% loss in the past 24 hours.
Moreover, the long term trend outlook is positive which may invite the buying volumes at the lower levels. Now, if the price takes a rebound from the trendline support and reclaims above the 50 day EMA, it may resume its way towards the $7 level marking an end to its correction phase.
Pendle crypto was headed downwards for the fourth consecutive sessions. The strong selling pressure after the breakdown of the 50 day EMA has dragged the price closer to a trendline support. At the time of writing, the PENDLE crypto was exchanging hands close to $5.08 incurring a 7% loss in the past 24 hours.
Moreover, the long term trend outlook is positive which may invite the buying volumes at the lower levels. Now, if the price takes a rebound from the trendline support and reclaims above the 50 day EMA, it may resume its way towards the $7 level marking an end to its correction phase.