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06/24 06:10

Can PENDLE turn strong demand into a price rally t

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Can PENDLE turn strong demand into a price rally toward $1.50?Pendle [$PENDLE] traded under pressure throughout the session and lost more than 10% of its value at press time despite a noticeable increase in market participation. However, trading volume rose by roughly 20% to $36.9 million, showing that traders remained highly active during the decline. Rising volume during a sell-off often reflects stronger conviction from market participants, and that pattern appeared across $PENDLE's latest move. Rather than attracting follow-through buying, the increased activity accompanied sustained downside pressure. As a result, sellers maintained control of price action even as liquidity entered the market. Why $PENDLE buyers stayed active despite weakness Spot market data revealed a different story beneath the decline. At the time of writing, Spot Taker CVD remained firmly positive and continued trending higher even as $PENDLE moved lower. This divergence suggested that aggressive buyers continued entering the market through market orders. However, their activity failed to translate into immediate price appreciation. Instead, sellers appeared to absorb incoming demand and prevented buyers from regaining control. This imbalance highlighted a market where participation remained healthy but directional conviction remained split.

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