Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
PENDLE is showing interesting movement. After liquidity flowed out over the weekend, the chart is now signaling a bullish trend. It’s currently trading around $1.10, but technically, there might be a short-term upward potential.
The launch of Boros on Arbitrum is a big factor. Since funding rates can now be traded on the perpetual markets for Bitcoin and Ethereum, there’s a possibility that PENDLE adoption could expand. I think this news is attracting buyers.
From a technical perspective, the RSI at 46 indicates that selling pressure is easing. If it can rise to $4.5, that could become the next major resistance level. If the RSI exceeds 50, a more sustained upward trend might be expected.
However, caution is needed for scenarios where the bullish momentum doesn’t continue. If the price breaks below the weekend low of $3.6, further declines could occur. For now, the scenario of rising to $4.5 looks promising, but it’s important to keep an eye on the overall market movement.