PENDLE Jumps 6.13% to $2.10 but Stays Below Key Moving Averages
- —PENDLE gained 6.13% to $2.10 from a $1.97 open
- —Price sits below SMA-7 ($2.12), SMA-15 ($2.23), SMA-30 ($2.36) and SMA-50 ($2.21)
- —RSI at 44.7 and MACD at -0.0556 point to weak momentum
- —Volume of $42.85 million is 4.83% below the 30-day average
Why it matters: A hold above $2.17 is needed to confirm a reversal; a drop back below $2.06 would invalidate the bounce.
Source: DiarioBitcoin