Symbol - PENDLEUSDT
PENDLEUSDT appears to be transitioning from a phase of prolonged consolidation into a potential distribution phase. The coin is currently testing a significant resistance level, the breakout of which could initiate a renewed upward movement.
The price is exhibiting strength as it attempts to breach the upper boundary of the recent range. A sustained consolidation above the key level of 4.400 would suggest bullish continuation. Supportive macro conditions particularly the ongoing bullish momentum in Bitcoin are lending strength to the altcoin market. Should this trend persist, altcoins including PENDLEUSDT may follow suit, shifting from consolidation into broader distribution.
Key Resistance Levels: 4.320, 4.400
Key Support Levels: 4.024, 3.622
Should the price confirm a breakout by holding above the critical resistance level, this would likely signal the beginning of a more aggressive upward move. In such a scenario, a potential target lies near the 4.800 level.
PENDLEUSDT appears to be transitioning from a phase of prolonged consolidation into a potential distribution phase. The coin is currently testing a significant resistance level, the breakout of which could initiate a renewed upward movement.
The price is exhibiting strength as it attempts to breach the upper boundary of the recent range. A sustained consolidation above the key level of 4.400 would suggest bullish continuation. Supportive macro conditions particularly the ongoing bullish momentum in Bitcoin are lending strength to the altcoin market. Should this trend persist, altcoins including PENDLEUSDT may follow suit, shifting from consolidation into broader distribution.
Key Resistance Levels: 4.320, 4.400
Key Support Levels: 4.024, 3.622
Should the price confirm a breakout by holding above the critical resistance level, this would likely signal the beginning of a more aggressive upward move. In such a scenario, a potential target lies near the 4.800 level.
Trade active
CMP 4.67Holding with cost SL.
Trade closed manually
Closed with trailing SL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885550
Join my free Telegram group: t.me/akshit_official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.