Pendle Targets $450 Resistance Ready to Ignite Next Surge

Pendle (PENDLE) tests critical $4.50 resistance after doubling off March lows, signaling potential continuation toward $8-$10 zones.

Bullish indicators like RSI crossover and Fibonacci alignment suggest PENDLE could reclaim $5.10 and target $10.63 in its recovery path.

Sustained closes above $4.30 solidify bullish momentum, with historical patterns hinting at acceleration beyond mid-range Fibonacci levels.

Pendle (PENDLE) is advancing through a defined recovery channel after forming a double-bottom near $2.00 in March 2025. Its price now tests the neckline resistance around $4.50, raising questions about potential continuation.

PENDLE has shown strong bullish momentum after confirming a W-bottom pattern on the weekly timeframe. The recovery from $2.00 to $4.33 reflects a strategic climb through Fibonacci layers. Analysts are monitoring the $4.50 neckline as a crucial inflection point for future breakout moves.

Following the breakout above the 0.618 Fibonacci retracement, price action has respected support zones with technical consistency, according to Rose Premium Signals. They identified the bounce off the 0.786 level near $3.00 as a critical base formation. The chart structure now projects continuation toward mid-term and long-term zones at $8.245 and $10.214, respectively.

Source: Rose Premium Signals

At this stage of the pattern, the trendline geometry shows a long-term descending wedge containing the recovery. Price now sits inside the wedge’s upper quadrant, with the next target aligning with the wedge resistance. Volume remains relatively subdued, but weekly candles reveal consistent gains and higher closes since March.

The $5.10 range coincides with the 0.382 level and is considered a short-term resistance cap. If reclaimed, this level could unlock higher trend momentum, pushing the breakout further into the projected price zones. Rose Premium Signals also noted that the pattern mirrors past harmonic reversals seen during late 2022 through mid-2023.

Are Indicators Confirming the Momentum Shift?

The monthly chart offers supporting evidence of strengthening momentum based on Heikin Ashi candle behavior. With the price currently above the $3.8071 moving average, the structure aligns with early-stage trend recovery.

Looking at RSI levels, Crypto Seth highlighted the crossover between the RSI line at 56.73 and the signal line at 60.01. This marks the first positive RSI alignment since the 2024 downtrend began. He also pointed to prior resistance at $3.5688, now acting as a confirmed support zone.

Moreover, the Fibonacci extensions stretch toward $10.6366 and $14.1705, offering context for the long-term recovery setup. Could this higher low mark a directional shift in the broader DeFi narrative? Beyond that, the low from $0.0441 continues to serve as the foundational base from which all upward momentum now unfolds.

How Far Can the Recovery Extend from Here?

Extending this point, historical volatility patterns show that PENDLE often accelerates after reclaiming mid-range Fibonacci zones. This outcome has triggered renewed attention from technical traders targeting the $5.5902 resistance. Reinforcing this idea, price behavior now matches earlier phases that preceded multi-month uptrends.

Adding to this, both analysts agree that maintaining closes above $4.30 will keep the bullish scenario valid. Nevertheless, all projections depend on reclaiming resistance levels with conviction, particularly as market volume begins to build.