2026-01-19 19:42:37

PENDLE Technical Analysis Summary

The recent decline has been quite fierce, but a close look at the candlestick chart shows that PENDLE/USDT is showing signs of stabilization. In the short term, there is a possibility of entering a consolidation phase.

There are mixed opinions on the technical indicators—some still suggest there is some pressure, but there are also signals indicating that a rebound opportunity is brewing. Overall, although the bears are in control of the momentum, the support levels below seem to be playing a role in preventing the price from sliding further out of control.

From a chart perspective, it is crucial to pay attention to recent trading volume and whether the current support level can hold. Once confirmed to be stable, a short-term rebound could be on the horizon. Conversely, if the support is broken again, there is a risk of further decline.

PENDLE2,17%

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LayoffMiner

· 12h ago

Whether the support level holds or not depends on these two days. It feels like the trading volume is a bit weak, and the rebound depends on whether the main players give an opportunity.

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ReverseTradingGuru

· 12h ago

The support level looks a bit shaky, with insufficient volume... To put it simply, it still depends on whether we can see increased volume confirmation; otherwise, the rebound will be just a fleeting moment.

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CryptoHistoryClass

· 12h ago

ngl, "consolidation phase" is just what we call it before the next leg down... seen this movie too many times. pendle's doing the classic bounce-trap thing rn, volume's sus af. historically speaking? support holds until it doesn't, then everybody panic sells at the bottom like clockwork.

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BearEatsAll

· 12h ago

Hmm... we need to keep a close eye on the support level, or else it might break below again.

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GateUser-bd883c58

· 12h ago

Support levels really depend on trading volume; otherwise, rebounds can come and go without warning.

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MetaverseLandlord

· 13h ago

I think the bottom signal for this wave of PENDLE is quite obvious. With some volume support, it can rebound. It all depends on whether it can hold the support level.

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