Pendle loses steam

Pendle is one of my favorite tokens in the Arbitrum ecosystem. I have been covering since about 60 cents and am heavily invested myself. I believe this momentum is about to break and we are looking at a reversal to the downside. The long wicked Doji candle is a sign of reversal as well as another tap on the upward portion of the medium term channel. I would be we hit the price target on the red dashed line 2.45$ at this point. It is possible we get another run for 3$ but it looks to have been resisted.