After months of consolidation, PENDLE appears ready to break out of its weekly range.
RSI breakout: Momentum has finally pushed through a long-term descending trendline — a potential shift in trend strength.
Technical structure: Clear higher lows, repeated resistance tests — bulls may be gaining control.
Key Fibonacci levels:
0.618 reclaimed ($5.12),
Next potential targets: $6.50 – $10.19 (1.618 extension),
Higher extensions: $15.24 and $20.30 if bullish momentum continues.
If this breakout confirms with a strong weekly close, PENDLE could enter a new trend phase and aim for price discovery.
RSI breakout: Momentum has finally pushed through a long-term descending trendline — a potential shift in trend strength.
Technical structure: Clear higher lows, repeated resistance tests — bulls may be gaining control.
Key Fibonacci levels:
0.618 reclaimed ($5.12),
Next potential targets: $6.50 – $10.19 (1.618 extension),
Higher extensions: $15.24 and $20.30 if bullish momentum continues.
If this breakout confirms with a strong weekly close, PENDLE could enter a new trend phase and aim for price discovery.
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🚀Get free crypto signals, strategies, market insights & tools I personally use.
📌 t.me/cryptolvke
📌 t.me/cryptolvke
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.