PENDLEUSDT - READY TO POP?Symbol - PENDLEUSDT
PENDLEUSDT appears to be transitioning from a phase of prolonged consolidation into a potential distribution phase. The coin is currently testing a significant resistance level, the breakout of which could initiate a renewed upward movement.
The price is exhibiting strength as it attempts to breach the upper boundary of the recent range. A sustained consolidation above the key level of 4.400 would suggest bullish continuation. Supportive macro conditions particularly the ongoing bullish momentum in Bitcoin are lending strength to the altcoin market. Should this trend persist, altcoins including PENDLEUSDT may follow suit, shifting from consolidation into broader distribution.
Key Resistance Levels: 4.320, 4.400
Key Support Levels: 4.024, 3.622
Should the price confirm a breakout by holding above the critical resistance level, this would likely signal the beginning of a more aggressive upward move. In such a scenario, a potential target lies near the 4.800 level.
