What’s Happening with PENDLE Tokens?
The cryptocurrency market has seen its fair share of highs and lows, and Pendle (PENDLE) is no exception. After experiencing a sharp 65% dip since August 2025, the token is now capturing attention, as recent moves by a crypto whale suggest a potential comeback for this altcoin. Here’s a closer look at the current trends and why analysts believe PENDLE could be at a turning point.
Whale Withdraws PENDLE, Hinting at Long-Term Trust
A pivotal moment for PENDLE occurred when a newly created whale wallet, identified as “0xd28,” withdrew a staggering 1.5 million PENDLE tokens—worth $2.82 million—from Binance. This significant transaction, brought to light by the crypto analytics platform Onchain Lens, signals long-term confidence in the asset. Interestingly, the whale has time-locked the tokens until January 2028, further solidifying their optimism about its future potential.
In the cryptocurrency ecosystem, token withdrawals from exchanges often indicate bullish signals. As traders move tokens into private wallets for long-term storage instead of trading them on the open market, this reduces selling pressure and fosters confidence.
PENDLE Staking Gains Momentum
Another positive indicator for PENDLE is the increasing number of tokens being staked. Recent data from Dune Analytics revealed that over 11 million PENDLE tokens were staked within just one week, showcasing a growing commitment from investors. This enhanced staking activity supports the notion that holders believe in the token’s long-term potential and are securing positions rather than liquidating their holdings.
Recent Market Activity and Future Predictions
At the time of writing, PENDLE was trading at $1.96, marking a notable 4.95% price increase in the past 24 hours. Market participation is also on the rise, as evident from a 13% surge in trading volume to $43.24 million. Rising engagement and bullish momentum suggest that traders are optimistic about this token’s immediate direction.
Technical analysis demonstrates that PENDLE has historically performed well within a price channel of $1.70 to $7 since January 2024. Notably, each time the asset touched the $1.70 support level, it rebounded with significant gains. These patterns indicate that, if PENDLE manages to sustain above this critical level, a rally toward $2.38—representing a 22% upside—is likely in the near term. Further bullish momentum could push the price even higher to $2.81.
However, if PENDLE falls below $1.70, the optimistic outlook might falter, exposing the token to further dips. Investors are advised to monitor key support levels closely.
Technical Metrics to Watch
Current data highlights a balanced buying and selling sentiment surrounding PENDLE. The Money Flow Index (MFI) stands at 51.23, signifying neither overbought nor oversold conditions. Additionally, CoinGlass derivative data shows strong investor interest in the $1.842 support and $1.983 resistance levels. With $503.55K in long-leveraged positions versus $270.00K in short-leveraged ones, traders seem to favor an upward trajectory for the asset.
Final Thoughts
As PENDLE gradually recovers from its recent losses, the combination of whale activity, rising staking, and technical indicators point toward a possible trend reversal. While short-term bearish sentiment remains, long-term signals continue to inspire optimism among investors. Whether you’re considering dipping your toes into the crypto market or expanding an existing portfolio, keeping an eye on PENDLE’s trends might be worthwhile.
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