Pendle Price Surge Ahead? Eyes $7.20 Breakout

Pendle is currently trading at $1.91, reflecting a 1.57% decrease over the past 24 hours. The token’s trading activity has, however, intensified, with a 24-hour trading volume of $113.29 million, a notable increase of 62.58% from the previous day. Over the past seven days, the coin has experienced a downward trend, declining by 13.2%, maintaining its position at $1.91.

Source: CoinMarketCap

Market observers note that this price fluctuation comes amid broader volatility in the altcoin market, with investors keeping a close watch on tokens showing technical resilience. Despite the short-term decline, it’s current support levels suggest a consolidation phase rather than a prolonged downturn.

Momentum Could Drive Major Gains

According to crypto analyst Bit Amberly, Pendle is holding above the lower boundary of a descending channel on the three-day chart. Amberly suggests that a decisive bounce from this support level could open the door for further gains. Potential price targets cited include $2.40, $3.30, $4.70, and even $7.20 if market momentum strengthens.

The analyst emphasizes that maintaining above the current lower boundary is crucial for the coin to shift from consolidation to an upward trend. Such technical formations are often used by traders to identify potential reversal points or breakout opportunities, making the coming weeks critical for investor sentiment.

Source: X

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Pendle Price Predictions for 2026

According to DigitalCoinPrice, Pendle may experience significant upward movement in the coming years. Analysts predict that by the end of 2026, the token could surpass the $3.39 mark, potentially reclaiming levels not seen since its earlier all-time high of $7.52. Investors are particularly optimistic about the coin’s ability to consolidate between $2.90 and $3.39 before attempting higher targets.

Market experts attribute this potential growth to increased adoption of its decentralized finance platform, as well as broader bullish trends in the crypto sector. While historical performance cannot guarantee future returns, the consensus among analysts indicates a cautiously optimistic outlook for Pendle over the medium to long term.

Also Read | PENDLE Breakout Alert: Can It Soar to $10.88 in 2025?