PENDLEUSDT → Retest of the 5.0 liquidity zone before rising to 7

19. Aug.

PENDLEUSDT is still consolidating, but is preparing to enter a correction phase, which could be triggered by a breakdown the 5.23 support level. Correction is a vital stage for further growth.



Bitcoin has entered a correction phase, which in turn is triggering a correction in altcoins. PENDLE is testing support at 5.23, and a break of this support level, which is already being tested for the sixth time, could trigger a price decline to the liquidity zone of 5.01 - 4.72
PENDLE looks quite positive in the medium term, the coin is strong and continues to form a bullish trend. The current correction is aimed at accumulating potential before continuing growth, which may resume after retesting the support zone.

Resistance levels: 5.833, 6.42
Support levels: 5.23, 5.013, 4.719

On the weekly chart, PENDLE is consolidating above the strong support level of 5.013. As part of the correction, the market may confirm this support and continue its growth towards the ATH from the mirror level.

Best regards, R. Linda!

19. Aug.

Trade ist aktiv

The support level has been broken. The price is moving down towards the zone of interest.

23. Aug.

Trade geschlossen: Ziel wurde erreicht