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- Whales have withdrawn 2.66 million PENDLE (approx.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.