Pendle Price Challenges Inverted Flag Pattern Bottom Trendline, Technical Analysis Shows Downside Risk

PENDLE-0,65%

Gate News reports that on March 20, Pendle token price is testing the bottom trendline of the inverted flag pattern. Technical analysis indicates that if this support level is broken, the price could fall back to the $1 level.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin retreats to $71k, spot ETF net inflows of nearly $1 billion last week

Bitcoin and Ethereum prices were holding steady around April 13, and the overall crypto market weakened. Oil prices rebounded, influenced by the situation in the Middle East. Bitcoin ETF funds worth nearly $1 billion flowed in, but addresses still in unrealized losses remain in the majority, and open interest in futures contracts fell significantly.

GateNews13m ago

Bitcoin’s Bearish Breakdown Signifies Collapse of Futures-Led Rally

Bitcoin is experiencing significant volatility following a futures-driven market rally that has collapsed, leading to major price corrections and a drop in Open Interest. The market is now vulnerable to further downturns due to a lack of spot demand, indicating structural weaknesses.

BlockChainReporter40m ago

Bitmine gets promoted to the NYSE main board! Tom Lee: U.S. stocks may be bottoming out, and selling pressure on Ether could ease

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.

CryptoCity2h ago

Bitcoin analysts flag triggers for a massive surge to $88,000 even as war risks linger

Key factors, such as ETF flows, macro factors and on-chain supply favor a rally in bitcoin even as war risks linger.

CoinDesk3h ago

Bitcoin hits a wall – the chart just challenged the $88,000 bull case

The price action is sending a clear warning signal that analysts' optimism may be running ahead of itself.

CoinDesk4h ago

Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.

CoinDesk4h ago
Comment
0/400
No comments