This Chart Pattern Could Send Pendle (PENDLE) Price Exploding 300% – Here’s Why
By: captainaltcoin|2025/05/16 15:45:05
0
Share
Pendle has emerged as one of the day’s top-performing tokens, recording a nearly 10% price increase and ranking among the top three gainers. At writing, the token is trading at $4.26 with a 24-hour trading volume surge of nearly 25%. Top analyst Master Ananda outlines a technical chart setup on X that could potentially support a PENDLE price move toward $11 and $16 within the next 3-6 months. The tweet mentions the presence of a long-term double bottom and Adam & Eve pattern, supported by a confirmed resistance flip on May 9.Read Also: Is It Too Late to Buy LTC? Litecoin Price PredictionPENDLE Technical Patterns Support Bullish ContinuationThe chart posted by Master Ananda indicates a well-defined technical structure with several historical resistance levels turning into support. The horizontal blue band, which has served as resistance across multiple months in 2024 and 2025, now acts as a confirmed support zone after the recent breakout. This zone lies near the current price of $4.15–$4.30.Multiple bullish patterns have formed, including a double bottom stretching from January to March 2025, with the neckline breaking earlier this month. This formation suggests a potential reversal in long-term trend direction. Alongside this, the Adam & Eve pattern, comprising a sharp V-shaped bottom followed by a rounded one, is also visible. These formations are typically associated with trend shifts and have now completed their breakout above the neckline zone.Source: X/MasterAnandaFurthermore, the chart includes Fibonacci retracement and extension levels that align with projected Pendle price targets. Key short-term resistance sits at the 0.618 and 0.786 Fibonacci levels, approximately at $5.25 and $6.50, respectively. Further extension levels place long-range targets at $11 and $16, assuming the bullish trend continues. These figures match those provided by Master Ananda in the tweet, reinforcing the forecast for continued upward movement.Support near the $2.00-$2.50 range has proven reliable during recent downtrends and could serve as a safety zone in case of short-term pullbacks. Current price behavior is consistent with accumulation and breakout strategies often seen before strong rallies.Read Also: Expert Predicts Cardano (ADA) Price Could Hit $1 Soon If This Happens..PENDLE Breakout Timing and Market BehaviorThe chart analysis suggests that Pendle price began its recovery from a March 11 low, moving gradually upward over the past two months. The May 9 breakout above resistance, followed by multiple days of successful retesting, marks a technical shift. Rising volume during the breakout phase and decreasing volume during pullbacks reflect healthy trading activity, further supporting bullish momentum.The price structure now features higher highs and higher lows. This setup, paired with tested support, sets the stage for a potential consolidation period before further upside. If momentum holds, reaching the previously mentioned targets within the 3–6 month window is technically possible.Analyst Perspective and Community SentimentMaster Ananda’s tweet outlines a clear technical roadmap, backed by chart evidence. The suggestion that the market cycle is shifting is consistent with both volume behavior and price structure. Traders tracking Pendle price have shown increased interest as trading volume continues to rise, aligning with the growing sentiment across the broader market.This setup reflects broader trends in crypto markets, where structural patterns and breakout confirmations play a key role in determining momentum. As long as price holds above the current support range, market conditions favor continued bullish behavior in the near term.Read Also: This Chart Pattern Could Launch Toncoin (TON) Price to $5 – Here’s WhyFollow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post This Chart Pattern Could Send Pendle (PENDLE) Price Exploding 300% – Here’s Why appeared first on CaptainAltcoin.
You may also like

The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]


