$PENDLE finally showing some strength after a long downtrend
Price has pushed up and is now testing a key resistance zone
- Strong bounce from range low
- Reclaimed 1H + 4H 200 EMA
- Momentum turning bullish
- Breaking out of short term consolidation
If price holds above this reclaim → continuation toward higher supply
Next major resistance for #PENDLE sits around daily supply / 200 EMA zone above (1.8 - 2 area)
Lose this support zone + fall back below EMAs -> then this becomes a fake breakout