Pendle has continued to grind sideways with a bearish vibe from the downtrend. Traders are cautious as momentum remains subdued, waiting for a catalyst before a potential shift in price direction.
Pendle has continued to trade within a narrow range as the broader downtrend persists. Market participants remain cautious, with momentum subdued and volatility muted, awaiting a catalyst that could trigger a move.
The lack of a clear breakout keeps traders in a risk-off posture, resulting in tight price action and subdued trading activity. Some look for a bullish catalyst, while others wait for confirmatory signals before committing capital. If the price breaks above resistance or drops below support, momentum could shift, but for now Pendle’s action remains range-bound within the prevailing downtrend.
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