- Pendle (PENDLE) drops 7.64% to $5.24 despite notable weekly gains of 18.46%.
- Analysts see potential for a move toward $7 resistance if bullish momentum persists.
- Price forecasts for 2025 show mixed outlooks, ranging from $4.01 to $11.43.
Pendle (PENDLE) is currently trading at $5.24, down 7.64% in the last 24 hours. Volume in the same duration came in at $203.49 million, a 5.42% fall. While there has been a daily retreat, the asset has registered a significant increase of 18.46% in the last seven days and continues a positive streak in intra-week performance.
Analysts blame the recent fall on the larger crypto market movements but indicate that the token’s recovery from the $4–$4.5 support area during the week has indicated resumed buyer interest. The token’s bounce has kept traders on the alert for possible upside movements in the short term.
PENDLE Breaks Out From Consolidation Phase
Crypto analyst AltCryptoTalk pointed to the powerful breakout of PENDLE from the recent consolidation pattern and indicated that the rejection of the price from the support of the lower wedge created new space for advances. “As the bulls are in power, a move toward the upper edge of the wedge pattern and the $7 level of resistance is highly probable,” the analyst indicated.
Such sentiment is upbeat for short-term traders who have largely taken interest in the token’s technical position. Should momentum persist, the $7 level may become a principal pivot for a push into a stronger valuation area. But any decline beneath near-term support may attract sell interest, dampening bulls’ optimism.
Also Read | PENDLE Price Targets $5.83 Breakout After 43% Weekly Surge
August 2025 Prices Expected to Stay Flat
DigitalCoinPrice predicts the token will break above the previous all-time high of $7.52 and range from $10.76 to $11.43 throughout the year-end, provided the market remains healthy and investor interest remains keen. This bull case also provides for PENDLE continuing to benefit from increased growth in the yield-based DeFi projects.
Changelly is more prudent in its estimate, however. It foresees the price in 2025 to range from $4.01 to $4.64 on average, representing about $5.26. That may result in a 6.2% to 17.3% loss in case the trend weakens in Changelly projects prices in August 2025 to remain nearly stagnant, in the range of $5.25 and $5.26.
Also Read | PENDLE Price Targets $5.83 Breakout After 43% Weekly Surge
