$PENDLE ‌PENGU3L looks interesting because after the sharp rejection from 0.06033, price spent time grinding near the lows and then started recovering from the 0.04787 area. That type of structure often shows seller exhaustion after a deep pullback.



The chart is still red on the day, but the recovery from the low is constructive. If price reclaims 0.052 0.053, momentum can shift quickly back toward 0.056 and then 0.060. Volume is active, which means the market is still paying attention here.

As long as 0.0478 holds, this looks like a potential higher low base forming before the next upside attempt.

#OpenAIGPT5.6
#IranUSConflictEscalates
#Get2SharesOfSKHynixAtZeroCost
#USNetCapitalInflowsHitRecord884B
#USMayPCEInflationRisesTo4.1%HighestIn3Years
PENDLE10.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-d2b4d9c6
· 1h ago
PENGU3L price action, consolidating at the bottom for long enough, hope it's not a bull trap
View OriginalReply0
GateUser-b6d80ba0
· 1h ago
0.0478 this support held, which is indeed interesting. Waiting for a breakout with volume.
View OriginalReply0
GlassCityAfterTheRain
· 2h ago
The volume is still there, indicating that funds haven't fully exited; I'll set a stop loss at 0.0485 to try.
View OriginalReply0
LeverageLatte
· 3h ago
I have seen this structure too many times. The key is whether it can reclaim 0.052-0.053. If it does, that would be a different story.
View OriginalReply0
CandleAfterTheRain
· 3h ago
The signal of seller exhaustion is quite clear, but the daily chart is still red—so first observe whether the trading volume (volume momentum) can keep up.
View OriginalReply0
  • Pinned