๐๐ธ $PENDLE Trade Setup ๐๐ธ
We are witnessing massive whale accumulation and intense buying pressure on $PENDLE (Pendle), signaling strong confidence in a major upward move as it stabilizes near historical support levels ๐๐ฅ
๐น Entry Zone: $PENDLE 1.34 โ 1.15
๐ฏ Target 1: 1.70
๐ฏ Target 2: 2.15
๐ฏ Target 3: 2.80
๐ Stop Loss: 0.98
๐ Pendle (PENDLE) is exhibiting high technical resilience as of April 17, 2026, currently trading near $1.33. The protocol is successfully navigating a high-utility growth phase following the January 2026 launch of its sPENDLE liquid staking model, which replaced the rigid vePENDLE system and introduced protocol-revenue buybacks. On-chain data indicates that "Smart Money" is aggressively absorbing supply near the $1.10โ$1.20 support zone, even as the sector faces a temporary risk-off sentiment in yield markets. Fundamentals remain exceptionally strong as Pendle expands its "Boros" platform into traditional equity derivatives and perpetual funding rate tokenization, recently marking a record $1.6 billion in daily trading volume for its yield-bearing assets.
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$NOM
$COLLECT
$RIVER
๐ Reminder: Not financial advice. Cryptocurrency markets are volatile โ manage your risk wisely
๐ DYOR | @ZED SIGNALS ๐