Айеша

08/11 03:20

On the daily timeframe, PENDLE broke from a symm

On the daily timeframe, PENDLE broke from a symmetrical wedge pattern and completed a retest at $3.50. The altcoin had stayed in the range between $2.50 and $7.50 since April 2024.

Initially, it faced rejection at $5 after a breakout, but the second spike blasted through this resistance.

With the price now above $5, continued momentum could lead to a 116% rally. However, there was a stumbling block at the $7.50 zone to hit this target.

Alternatively, failure to hold above $5 could invalidate this projection. Usually, such price surges are met with corrections as the markets move in cycles.

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