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- PENDLE breaks a key resistance at $3.00, signaling a shift in momentum and a bullish setup.
- Strong buying pressure supports the breakout, with a 24.19% upside potential toward the $3.93 target.
- A retest of $3.00 as support could confirm strength, while failure may lead to a pullback near $2.50.
PENDLE/USDT has broken above a major resistance level on Binance’s 12-hour timespan, signaling a shift in momentum. The breakout follows months of downward pressure, setting the stage for a potential bullish continuation.
Breakout Signals Shift in Market Structure
Strong support that prevented upward advance was provided by a declining trendline that was created in December 2024. The price confirmed a protracted negative period by posting lower highs and lower lows. But in March 2025, a clear breakout rendered the trendline useless, enabling PENDLE to recover higher levels. A solid key support level of $2.50 served as a foundation for the recovery.
The PENDLE price action is consolidating over $3.00, and the market structure presently supports a bullish continuation. Due to the excellent breakout, buyers are still in charge, and sentiment has changed. PENDLE may rise 24.19% to the anticipated target of $3.93 if the upward trend continues.
Technical Breakdown and Future Projections
A breakdown point-by-point analysis by World of Charts indicates the significance of this breakout. The $3.00 resistance became support, supporting a bullish configuration. Aggressive buying participation is confirmed by higher trading volume at the time of the breakout. An additional upside could be in play if the support fails to break.
Source: World of Charts
According to World of Charts, previous break-out attempts failed, which makes this move more authentic. Previously, price rejection at the downtrend line led to more declines. This new development indicates a possible turnaround, justifying a shift in long-term trends.
Key Levels to Watch
Based on the analysis by World of Charts, maintaining price action above $3.00 is crucial for sustaining momentum. A successful retest of this level may drive PENDLE toward the $3.93 target. Conversely, a failure to hold could result in a pullback to $2.50 before another attempt higher.
World of Charts’ technical market analysis shows in detail that the next level of resistance is still at about $3.93. The path of the following large move is dependent on what the market does with primary levels of support.