PENDLE/USDT Keep an eye on the demand and support area!

١٦ أبريل

💎 Paradisers, the recent market dynamics surrounding #PENDLE have indeed been noteworthy.

💎 Experiencing rejection once more at the strong resistance area, PENDLE has retraced back downward, potentially targeting the demand zone between 5.16 and 4.67.

💎 If PENDLE reaches the demand zone, it will be crucial for it to bounce back and attempt to break above the resistance trendline to resume its upward trajectory and test our target strong resistance area.

💎 However, if PENDLE fails to find support at the demand area and even breaks below it, the next likely target will be the key support area. This area presents a favorable buying opportunity for PENDLE, as a bounce from this zone could signal a continuation of the bullish movement.

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