Pendle Price Prediction: $3 Support at Risk As Network TVL Drops 47%

Pendle Price Prediction: On Wednesday, the cryptocurrency market witnessed renewed supply pressure after a week-long consolidation. This minor relief in most of the major altcoins including Pendle resumed bearish momentum as Bitcoin price recorded a 4% fall today to plunge below the $60000 support. The Pendle price is now heading to a combined support of $3.82 and a 23.6% Fibonacci retracement level, projecting a pivotal movement for further downfall or reversal.