Are PENDLE Bulls Ready To Move Beyond $10?

Pendle has a market cap of $988 Million and is ranked 87th in the cryptoverse. It has observed a surge of 49% in the trading volume. The token price is currently trading near the value of $6.4 with a slight surge in the intraday session. It is forming weak bullish candles on the daily chart.
The upside momentum of the PENDLE can see a halt near the value of $8. Meanwhile, the downside trend of the asset price can see a bounceback from $5.
The RSI of Pendle is currently at 63 with a positive slope in it. The overall momentum of the RSI and MACD is bearish in nature.