Key takeaways:
- Pendle’s price is projected to reach a maximum of $14.65 by the end of 2024,
- By 2027, Pedle’s price is expected to reach an average of 28.08
- In 2030, the price of Pendle is predicted to reach a maximum of $50.03.
Pendle (PENDLE) innovates the DeFi space by enabling future yield trading. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms.
Pendle’s recent progress, such as smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? How will market changes and regulations affect its growth? Can Pendle rise? Can Pendle reach $10?
Overview
| Token | PENDLE |
| Price | $4.92 |
| Market Cap | $806.91B |
| Trading Volume | $72.55M |
| Circulating Supply | 163.9M PENDLE |
| All-time High | $7.52 (Apr 11, 2024) |
| All-time Low | $0.03349 (Nov 10, 2022) |
| 24-hour High | $5.20 |
| 24-hour Low | $4.87 |
Pendle price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $ 16.73 (228.11%) |
| Volatility | 8.79% |
| 50-day SMA | $ 5.55 |
| 14-Day RSI | 43.92 |
| Sentiment | Bearish |
| Fear & Greed Index | 73 (Greed) |
| Green Days | 15/30 (50%) |
| 200-Day SMA | $ 4.41 |
Pendle price analysis
TL;DR Breakdown
- The current Pendle price is at $4.92, indicating a Bearish trend.
- PENDLE faces resistance at $7
- Support for PENDLE is present at $5.
PENDLE/USD 1-day chart
On December 22, the 1-day chart of Pendle/USDT demonstrates a bearish trend, with the price currently at $4.898, reflecting a 3.11% decline. The price is trading below the 20-day Simple Moving Average (SMA) at $5.957, indicating downward momentum. The Bollinger Bands reveal increased volatility, with resistance at $7.069 and support at $4.844. The Relative Strength Index (RSI) at 40.35 suggests weakened buying momentum, indicating oversold conditions. A break below $4.844 could deepen losses, while reclaiming $5.957 may revive bullish potential. Traders should monitor these levels closely for confirmation of further direction.
PENDLE/USD 4-hour chart
The 4-hour chart of Pendle/USDT indicates a continuation of bearish pressure, with the price at $4.903, down by 0.83%. The Balance of Power (BoP) at -0.88 underscores the dominance of sellers. The MACD reveals a bearish crossover, with the MACD line at -0.186 and the signal line at -0.196, accompanied by negative histogram bars. This signals sustained downward momentum. Resistance lies at $4.946, while support is at $4.897. A break below this support may trigger further losses, whereas reclaiming resistance could signal a recovery. Traders should watch the MACD and price action near these key levels for direction.
Pendle technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | $ 5.86 | SELL |
| SMA 5 | $ 5.81 | SELL |
| SMA 10 | $ 5.87 | SELL |
| SMA 21 | $ 6.06 | SELL |
| SMA 50 | $ 5.55 | SELL |
| SMA 100 | $ 4.83 | BUY |
| SMA 200 | $ 4.41 | BUY |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | $ 5.78 | SELL |
| EMA 5 | $ 5.88 | SELL |
| EMA 10 | $ 5.97 | SELL |
| EMA 21 | $ 5.93 | SELL |
| EMA 50 | $ 5.56 | SELL |
| EMA 100 | $ 5.06 | SELL |
| EMA 200 | $ 4.57 | BUY |
What can you expect from PENDLE price analysis next
Based on both the 1-day and 4-hour charts suggest a bearish outlook in the near term. The daily chart indicates a significant decline, with the price trading below the 20-day SMA at $5.957 and the RSI at 40.35, reflecting weak momentum, indicating an oversold condition. Meanwhile, the 4-hour chart confirms sustained selling pressure with a Balance of Power at -0.88 and a bearish MACD crossover. Critical support levels at $4.844 and $4.897 must hold to prevent further decline. Failing this, prices may trend lower. A rebound above $4.946 could indicate potential recovery, but caution remains warranted.
Is PENDLE a good investment?
Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for flexible management of yield-bearing assets, enhancing investment portfolios. Conducting their own research is crucial for potential investors to understand the Pendle market cap and the dynamics of its price movement.
Pendle’s ecosystem shows strong community trust, with impressive TVL, market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors and high yields make Pendle a compelling investment in innovative DeFi projects.
Will Pendle reach $50?
Pendle’s current price is around $7. Given its recent market trend, predictions suggest that by 2030, Pendle’s maximum price could reach approximately $50.03.
Will Pendle reach $100?
Pendle price is recent downward trend, it is highly unlikely that Pendle will reach $100 in the foreseeable future.
Is Pendle a Safe investment?
Pendle cryptocurrency offers innovative yield management features, making it appealing for investors. However, it carries risks like market volatility and potential technological issues. Investors should conduct thorough research and consider their risk tolerance before investing in Pendle.
Does Pendle have a good long-term future?
PENDLE has shown volatility and recent downward movement. Its short-term outlook appears uncertain. However, its long-term future could be positive if the project innovates, gains wider adoption, and maintains strong community and developer support.
Recent news/opinion on Pendle
Pendle introduces longer maturity options for rsETH with @KelpDAO, available until June 2025 on Ethereum and @Arbitrum, boosting flexibility and rewards for users.
Pendle users can now seamlessly transfer liquidity from the Dec 2024 pool to the June 2025 pool with a simple “Transfer Liquidity” option.
Pendle price prediction December 2024
In December 2024, Pendle prediction suggests it could maintain a consistent value, with a potential low, average, and high price of $6.67.
| Pendle price prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle price prediction December 2024 | $6.67 | $6.67 | $6.67 |
Pendle Price Prediction 2024
In 2024, Pendle’s price is predicted to have a potential low of $5.94 and a potential high of $14.65, with an average price of $13.57.
| Pendle Price Prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle Price Prediction 2024 | $5.94 | $13.57 | $14.65 |
Pendle price prediction 2025-2030
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2025 | $14.34 | $16.60 | $16.87 |
| 2026 | $19.63 | $23.42 | $24.07 |
| 2027 | $25.59 | $28.08 | $30.67 |
| 2028 | $25.59 | $28.08 | $30.67 |
| 2029 | $31.63 | $35.32 | $36.64 |
| 2030 | $45.04 | $49.83 | $50.03 |
Pendle Price Prediction 2025
The price of Pendle is predicted to reach a minimum value of $14.34 in 2025. $PENDLE could reach a maximum value of $16.87 and an average trading price of $16.60.
Pendle Price Prediction 2026
In 2026, the price of Pendle is predicted to reach a minimum level of $19.63. $PENDLE’s price can reach a maximum level of $24.07 and an average trading price target of $23.42.
Pendle Price Prediction 2027
In 2027, the average price of Pendle is predicted to reach a minimum level of $25.59. $PENDLE’s price can attain a maximum level of $30.67 and an average trading price of $28.08.
Pendle Price Prediction 2028
The PENDLE price prediction for 2028 projects a minimum price of $25.59 for the token. According to the analyst forecast, the token could reach a maximum price of $30.67 and an average trading price of $28.08.
Pendle Price Prediction 2029
The price of Pendle is predicted to reach a minimum value of $31.63 in 2029. Per the predictions, holders can expect a maximum price of $36.64 and an average trading price of $35.32.
Pendle Price Prediction 2030
The Pendle price forecast for 2030 projects a minimum price of $45.04, a maximum price of $50.03 and an average forecast price of $49.83.
Pendle market price prediction: Analysts’ $PENDLE price forecast
| Firm | 2024 | 2025 |
|---|---|---|
| Cryptopredictions.com | $6.347 | $8.342 |
| Changelly | $12.73 | $11.10 |
| Binance | $6.5996 | $6.9295 |
Cryptopolitan’s $PENDLE price prediction
In 2024, Cryptopolitan projects that $PENDLE could experience notable price fluctuations, with a potential low of $5.94, an average of $13.57, and a possible high of $14.65.
Pendle historic price sentiment
- In September 2020, the price of Pendle started at around $1.0849, and a gradual decline followed.
- Between October and December 2020, the price decreased steadily, ending the year below $1.0.
- Between January and June 2021, the price remained relatively stable, fluctuating around the $0.90 to $1.0 range.
- Between July and December 2021, Pendle continued to exhibit minor fluctuations, maintaining a range around the $1.0 mark but showing no significant upward or downward trend.
- The price of Pendle from January to December 2022 remained relatively flat, hovering around the $1.0849 mark with minimal fluctuations. There was little to no significant upward or downward movement during this period.
- In June 2023, the price remained stable, with slight declines observed but staying well below the $1.0 mark. Pendle price movements showed no significant upward momentum and maintained a steady range.
- Starting from mid-2023, the price began to show slight upward movements, though it was still relatively low.
- By the end of December 2023, the price showed some initial signs of increase, moving closer to the $1.2 mark.
- $PENDLE saw significant growth in Q1 2024, hitting above $2.5 in January 2024, $3.2 in February, and $5.5 by the end of March.
- The positive momentum from Q1 2024 continued in Q2 2024. $PENDLE attained its ATH ($7.52) on April 11, 2024. The token retested its support at around $3.8 in mid-May but soon rebounded above $7 on May 20.
- $PENDLE closed at $6.8 in May 2024; in June 2024, the token traded within the $4.6 – $6.3 range.
- PENDLE is trading around $3 range in September.
- On October 06, the price of Pendle traded at $3.8443 wiith a trading volume of $23.75M.
- In early November, Pendle coin traded at $4.2 with a trading volume of $94.61M. On December 04, the price traded at $6.5702.
