Key takeaways
- Pendle is expected to reach a maximum level of $9.50 in 2024.
- In 2027 the price of Pendle is predicted to reach a maximum level of $16.62.
- PENDLE price could reach a maximum possible level of $54.70 and an average forecast price of $47.44.
Pendle (PENDLE) is innovating the DeFi space by enabling the trading of future yields. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms.
The recent progress of Pendle such as smart contract updates, and strategic partnerships marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? How will market changes and regulations affect its growth? Can Pendle reach $10?
Overview
| Token | PENDLE |
| Price | $3.98 |
| Market Cap | $531,080,326 |
| Trading Volume | $69,631,153 |
| Circulating Supply | 155,838,492 |
| All-time High | $7.52 (Apr 11, 2024) |
| All-time Low | $0.03349 (Nov 09, 2022) |
| 24-h High | $4.15 |
| 24-h Low | $3.91 |
Pendle price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $ 18.89 (230.91%) |
| Volatility | 8.48% |
| 50-day SMA | $5.54 |
| 14-Day RSI | 55.17 |
| Sentiment | Bearish |
| Fear & Greed Index | 46 (Fear) |
| Green Days | 13/30 (43%) |
| 200-Day SMA | $3.94 |
Pendle price analysis: PENDLE slip at $3.98 as selling pressure persists
TL;DR Breakdown
- Pendle price analysis is bearish today.
- PENDLE is facing resistance at $4.15.
- Support for PENDLE is present at $3.91.
The Pendle price analysis for 30 July displays a clear bearish downtrend, with the price declining from $4.1275 to $3.981. The steady decrease in value, coupled with multiple lower highs and lower lows throughout the time period, indicates strong selling pressure. The absence of any significant upward reversals suggests that the bearish sentiment is persistent, leading to a continued downward movement in Pendle’s price. The overall trend points towards a lack of buyer confidence, further reinforcing the bearish outlook for this cryptocurrency.
Pendle price analysis 1-day chart: PENDLE price level drops to $3.98 after a bearish swing
The Pendle chart demonstrates a bearish price action as the value has been gradually declining, indicating a downtrend. The price recently hit a high of $4.056 but has since dropped to $3.98, reflecting a consistent struggle to maintain upward momentum. This decline suggests that sellers are currently dominating the market, pushing the price lower with little resistance from buyers.
In the daily chart, the RSI (Relative Strength Index) is hovering around 42.04, which is a neutral level, indicating weak buying pressure and potentially oversold conditions. The MACD (Moving Average Convergence Divergence) shows a bearish crossover, with the MACD line at 0.006 below the signal line at -0.187, suggesting downward momentum.
PENDLE 4-hour price chart: Latest development
The 4-hour Pendle token shows that the market has been in a clear downward trend for the past 24-hour period. The prices have been stuck between $3.90 and $4.15 range, and it seems like the market will start heading upward once it breaks out of this range. The red candlestick pattern is a sign of bearish traders, and the overall market sentiment seems to be negative.
The moving convergence divergence (MACD) for the pair is currently in bearish territory and is indicating that the market is in a downtrend. The relative strength index is also trading below the 70.00 level, which indicates that there is still a lot of selling pressure in the market and that it could continue to move lower if the current conditions persist.
Pendle technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 4.48 | SELL |
| SMA 5 | 4.32 | SELL |
| SMA 10 | 4.56 | SELL |
| SMA 21 | 5.09 | SELL |
| SMA 50 | 5.53 | SELL |
| SMA 100 | 5.46 | SELL |
| SMA 200 | 3.89 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 4.84 | SELL |
| EMA 5 | 5.09 | SELL |
| EMA 10 | 5.34 | SELL |
| EMA 21 | 5.48 | SELL |
| EMA 50 | 5.49 | SELL |
| EMA 100 | 5.09 | SELL |
| EMA 200 | 4.15 | SELL |
Pendle price analysis conclusion
The Pendle price information indicates a bearish trend, with the price consistently declining from a high of $4.032 to $3.98. The downward movement suggests that sellers dominate the market, and there is a lack of buying pressure. The bearish crossover in the MACD and the RSI value below the neutral level further support the negative sentiment. Overall, the current market conditions for Pendle indicate a continued decline unless there is a significant shift in investor sentiment or market conditions.
Is PENDLE a good investment?
Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for flexible management of yield-bearing assets, enhancing investment portfolios.
Pendle’s ecosystem shows strong community trust, with impressive TVL, market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors, along with high yields, make Pendle a compelling investment in innovative DeFi projects.
Will Pendle recover?
Pendle experiencing a sharp decline from $3.83 to $3.70, followed by a slight upward movement. This suggests potential for short-term recovery, but sustained positive market sentiment is needed for a full rebound.
Will Pendle reach $10?
Pendle’s price is around $3.70 and its recent downward trend, reaching $10 would require significant and sustained positive developments. While not impossible, it seems unlikely in the near term.
Will Pendle reach $100?
Pendle price is recent downward trend, it is highly unlikely that Pendle will reach $100 in the foreseeable future.
Does Pendle have a good long-term future?
PENDLE is showing volatility and recent downward movement. Pendle’s short-term outlook appears uncertain. However, its long-term future could be positive if the project continues to innovate, gains wider adoption, and maintains strong community and developer support.
Recent news/opinion on Pendle
- Arthur Hayes purchases 92,339.6 $PENDLE through Wintermute’s algorithm trading platform.
Pendle price prediction July 2024
Pendle could experience an uptrend in July, reaching $8.26 at the end of the month. The minimum price projected for the token is around $5.96. On average, traders and investors can expect $PENDLE to trade at $6.12.
| Pendle price prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle price prediction July 2024 | $5.96 | $6.12 | $8.26 |
Pendle price prediction 2024
The price of Pendle is expected to reach a minimum level of $8.14 in 2024. The $PENDLE price can reach a further maximum price level of $9.50 with an average price of $8.47 throughout 2024.
| Pendle Price Prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle price prediction 2024 | $8.14 | $8.47 | $9.50 |
Pendle price prediction 2025-2030
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2025 | $6.47 | $6.65 | $7.45 |
| 2026 | $9.68 | $9.94 | $11.09 |
| 2027 | $14.33 | $14.73 | $16.62 |
| 2028 | $21.30 | $22.04 | $24.87 |
| 2029 | $30.92 | $32.02 | $36.74 |
| 2030 | $46.16 | $47.44 | $54.70 |
Pendle price prediction 2025
The price of Pendle is predicted to reach a minimum value of $6.47 in 2025. $PENDLE could reach a maximum value of $7.45 and an average trading price of $6.65.
Pendle price prediction 2026
In 2026 the price of Pendle is predicted to reach a minimum level of $9.68. $PENDLE’s price can reach a maximum level of $11.09 and an average trading price target of $9.94.
Pendle price prediction 2027
In 2027, the average price of Pendle is predicted to reach a minimum level of $14.33. $PENDLE’s price can attain a maximum level of $16.62 and an average trading price of $14.73.
Pendle price prediction 2028
The PENDLE price prediction for 2028 projects a minimum price of $21.30 for the token. As per analyst forecast, the token could reach a maximum price of $24.87 and an average trading price of $22.04.
Pendle price prediction 2029
The price of Pendle is predicted to reach a minimum value of $30.92 in 2029. Per the predictions, holders can expect a maximum price of $36.74 and an average trading price of $32.02.
Pendle price prediction 2030
The Pendle price forecast for 2030 projects a minimum price of $46.16, a maximum price of $54.70 and an average forecast price of $47.44.
Pendle market price prediction: Analysts’ $PENDLE price forecast
| Firm | 2024 | 2025 |
|---|---|---|
| Coindex | $7.76 | $19.45 |
| DigitalCoinPrice | $13.07 | $15.06 |
| CryptoPredictions | $6.21 | $12.39 |
BitcoinLinux’s $PENDLE price prediction
According to our Pendle price forecast, the coin’s market price might reach a maximum value of $8.90 by the end of 2024. Looking forward to 2026, the value of Pendle could surge to a new all-time high (ATH) of $10.87.
Pendle historic price sentiment
- In September 2020, the price of Pendle started around $1.0849 and saw a gradual decline.
- Between October and December 2020, the price continued to decrease steadily, ending the year below the $1.0 mark.
- Between January and June 2021, the price remained relatively stable, fluctuating around the $0.90 to $1.0 range.
- Between July and December 2021, Pendle continued to exhibit minor fluctuations, maintaining a range around the $1.0 mark but showing no significant upward or downward trend.
- The price of Pendle Jan-Dec 2022, remained relatively flat, hovering around the $1.0849 mark with minimal fluctuations. There was little to no significant upward or downward movement during this period.
- In June 2023, the price continued to remain stable, with slight declines observed but staying well below the $1.0 mark. The price did not show any significant upward momentum and maintained a steady range.
- Starting from mid-2023, the price began to show slight upward movements, though it was still relatively low.
- By the end of December 2023, the price showed some initial signs of increase, moving closer to the $1.2 mark.
- $PENDLE saw significant growth in Q1 2024, hitting above $2.5 in January 2024, $3.2 in February, and $5.5 by the end of March.
- The positive momentum from Q1 2024 continued in Q2 2024. $PENDLE attained its ATH ($7.52) on April 11, 2024. The token retested its support at around $3.8 in mid-May but soon rebounded above $7 on May 20.
- $PENDLE closed in May at $6.8; in June 2024, the token traded within the $4.6 – $6.3 range.
- In July, PENDLE is trading within the $3-$6 range.
