Pendle has one of the strongest charts vs. BTC in the entire market, this is why I have covered the token so widely. I do believe there is a base forming against BTC, this is marked in the dashed red. The weekly stochastic RSI is still bottoming, so we could see another rather large increase against BTC soon. I am still cautious as BTC did have some capitulation recently, this is one of my favorite tokens for the cycle.
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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.