PENDLE Price Surges 2% Following Coinbase Listing and Whale Accumulation

On April 2, PENDLE increased by 2% to approximately $2.94 amid a broader crypto market downturn. This price rise follows its listing on Coinbase and significant whale accumulation.

  • PENDLE is now available on @coinbase.
  • The DeFi space has hit a low stablecoin interest rate of 5.8% APR for deposits.
  • The Level USD Pendle IY pool offers a notable yield of 12.4%.
  • Whales have withdrawn 2.66 million PENDLE (approx. $7.9 million) from Binance in five days.
  • Large investors are shifting to self-custody, indicating confidence in PENDLE's long-term value.
  • The RSI for PENDLE is at 59.74, approaching overbought levels.
  • Bollinger Bands indicate potential volatility with a breakout possibility above $3, targeting $3.7.
  • An inverse head and shoulders pattern suggests a bullish outlook for the token.
  • Analysts warn of potential resistance around $3.70, which could lead to a corrective move.
  • Market cap stands at $482 million, ranking PENDLE 105th among cryptocurrencies.

Long-term targets for PENDLE reach as high as $22 according to some analysts.