Pendle price prediction 2024-2030: Is PENDLE a good investment?
0
0
Key takeaways
- Pendle is currently priced at $2.54 and is projected to reach a maximum of $9.50 by 2024, indicating a significant potential increase in its value (usd price update shows).
- In 2027 the price of Pendle is predicted to reach a maximum of $5.62.
Pendle (PENDLE) is innovating the DeFi space by enabling future yield trading. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms.
Pendle’s recent progress, such as smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? How will market changes and regulations affect its growth? Can Pendle reach $10?
Overview
| Token | PENDLE |
| Price | $2.54 |
| Market Cap | $399,892,711 |
| Trading Volume | $89,236,534 |
| Circulating Supply | 157,644,112 PENDLE |
| All-time High | $7.52 (Apr 11, 2024) |
| All-time Low | $0.03349 (Nov 09, 2022) |
| 24-h High | $2.67 |
| 24-h Low | $2.43 |
Pendle price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $ 6.86 (166.65%) |
| Volatility | 17.35% |
| 50-day SMA | $ 4.35 |
| 14-Day RSI | 35.50 |
| Sentiment | $4.33 |
| Fear & Greed Index | Bearish |
| Green Days | 20 (Extreme Fear) |
| 200-Day SMA | 12/30 (40%) |
Pendle price analysis: PENDLE slip at $3.98 as selling pressure persists
TL;DR Breakdown
- Pendle price analysis is bearish today.
- PENDLE is facing resistance at $4.859.
- Support for PENDLE is present at $2.041.
The Pendle price analysis for early August exhibits a pronounced bearish trend, with the price declining from $4.859 to $2.541. The consistent drop, characterized by lower highs and lower lows, indicates sustained selling pressure. The Bollinger Bands reflect high volatility, with the price recently touching the lower band. The sentiment remains bearish due to the lack of significant upward reversals, implying persistent selling and a downward trajectory. Buyer confidence appears weak, reinforcing the negative outlook for Pendle.
PENDLE/USD 1-day chart
The PENDLE/USDT 1-day chart, on August 08, from Binance, shows PENDLE trading at approximately $2.54. The Bollinger Bands indicate a period of high volatility, with the price recently touching the lower band. The Relative Strength Index (RSI) is at 33.72. Recent candles show signs of a potential bullish reversal, but confirmation is needed. The support levels are around $2.04, while resistance is near $3.45. Traders should watch for a break above the middle Bollinger Band for further bullish confirmation and to understand the Current Pendle price.
PENDLE/USD 4-hour chart
The PENDLE/USDT 4-hour chart on Binance shows the price at $2.54. The MACD indicator displays a slight bullish crossover with the MACD line at 0.021 above the signal line at -0.061, suggesting potential upward momentum. However, the Balance of Power (BoP) at -0.35 indicates bearish pressure remains dominant. Recent price action reveals a minor recovery from the $2.00 level but faces resistance around $2.55. For a bullish trend continuation, PENDLE must convincingly break above this resistance. Conversely, failing to hold above $2.50 could see a retest of lower support levels.
Pendle technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | $ 2.88 | SELL |
| SMA 5 | $ 3.03 | SELL |
| SMA 10 | $ 3.33 | SELL |
| SMA 21 | $ 3.82 | SELL |
| SMA 50 | $ 4.35 | SELL |
| SMA 100 | $ 4.86 | SELL |
| SMA 200 | $ 4.33 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | $ 3.04 | SELL |
| EMA 5 | $ 3.24 | SELL |
| EMA 10 | $ 3.52 | SELL |
| EMA 21 | $ 3.83 | SELL |
| EMA 50 | $ 4.30 | SELL |
| EMA 100 | $ 4.52 | SELL |
| EMA 200 | $ 4.10 | SELL |
What can you expect from PENDLE price analysis next
Based on the 1-day and 4-hour charts for PENDLE/USDT on Binance, the immediate outlook appears cautiously bullish with some potential resistance. On the 1-day chart, the price is near the lower Bollinger Band, and the RSI is approaching oversold territory at 34.69, suggesting a possible rebound. The 4-hour chart shows a recent bullish crossover on the MACD, indicating momentum might be shifting upwards. However, the Balance of Power indicator is still negative at -0.35, highlighting bearish pressure. If PENDLE can break above $2.55, it may confirm a short-term bullish trend; otherwise, it risks retesting lower support levels around $2.00. Current Pendle sentiment remains cautious with a bearish undertone.
Is PENDLE a good investment?
Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for flexible management of yield-bearing assets, enhancing investment portfolios.Conducting own research is crucial for potential investors to understand the Pendle market cap and the dynamics of its price movement.
Pendle’s ecosystem shows strong community trust, with impressive TVL, market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors and high yields make Pendle a compelling investment in innovative DeFi projects.
Will Pendle recover?
Pendle experienced a sharp decline from $3.83 to $3.70, followed by a slight upward movement. This suggests potential for short-term recovery but sustained positive market sentiment is needed for a full rebound. Observing the price movements over the coming weeks will provide more insights.
Will Pendle reach $10?
Pendle’s price is around $3.70, and given its recent downward trend, reaching $10 would require significant and sustained positive developments. While not impossible, it seems unlikely in the near term. However, historical trends show that favorable market conditions could influence Pendle’s rise.
Will Pendle reach $100?
Pendle price is recent downward trend, it is highly unlikely that Pendle will reach $100 in the foreseeable future.
Does Pendle have a good long-term future?
PENDLE has shown volatility and recent downward movement. Its short-term outlook appears uncertain. However, its long-term future could be positive if the project innovates, gains wider adoption, and maintains strong community and developer support.
Recent news/opinion on Pendle
Pendle hit a major milestone on July 25, maturing $1 billion in value and facilitating $918M in redemptions within a week, showcasing its robust mechanism.
Arthur Hayes purchases 92,339.6 $PENDLE through Wintermute’s algorithm trading platform.
Pendle price prediction August 2024
Pendle could experience an uptrend in August, reaching $2.56 at the end of the month. The minimum price projected for the token is around $2.56. On average, traders and investors can expect $PENDLE to trade at $2.56.
| Pendle price prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle price prediction August 2024 | $2.56 | $2.56 | $2.56 |
Pendle price prediction 2024
The price of Pendle is expected to reach a minimum level of $2.28 in 2024. The $PENDLE price can reach a further maximum price level of $5.62 with an average price of $5.21 throughout 2024.
| Pendle Price Prediction | Potential Low | Average Price | Potential High |
|---|---|---|---|
| Pendle price prediction 2024 | $2.28 | $5.21 | $5.62 |
Pendle price prediction 2025-2030
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2025 | $5.50 | $6.37 | $6.47 |
| 2026 | $7.53 | $8.99 | $9.23 |
| 2027 | $9.82 | $10.77 | $11.77 |
| 2028 | $9.82 | $10.77 | $11.77 |
| 2029 | $12.13 | $13.55 | $14.06 |
| 2030 | $17.28 | $19.12 | $19.19 |
Pendle price prediction 2025
The price of Pendle is predicted to reach a minimum value of $5.50 in 2025. $PENDLE could reach a maximum value of $6.47 and an average trading price of $6.37.
Pendle price prediction 2026
In 2026 the price of Pendle is predicted to reach a minimum level of $7.53. $PENDLE’s price can reach a maximum level of $9.23 and an average trading price target of $8.99.
Pendle price prediction 2027
In 2027, the average price of Pendle is predicted to reach a minimum level of $9.82. $PENDLE’s price can attain a maximum level of $11.77 and an average trading price of $10.77.
Pendle price prediction 2028
The PENDLE price prediction for 2028 projects a minimum price of $9.82 for the token. As per analyst forecast, the token could reach a maximum price of $11.77 and an average trading price of $10.77.
Pendle price prediction 2029
The price of Pendle is predicted to reach a minimum value of $12.13 in 2029. Per the predictions, holders can expect a maximum price of $14.06 and an average trading price of $13.55.
Pendle price prediction 2030
The Pendle price forecast for 2030 projects a minimum price of $17.48, a maximum price of $19.19 and an average forecast price of $19.12.
Pendle market price prediction: Analysts’ $PENDLE price forecast
| Firm | 2024 | 2025 |
|---|---|---|
| Coindex | $ 6.86 | $ 12.17 |
| DigitalCoinPrice | $5.62 | $6.47 |
Cryptopolitan’s $PENDLE price prediction
According to our Pendle price forecast, the coin’s market price might reach a maximum value of $5.62 by the end of 2024. Looking forward to 2026, the value of Pendle could surge to a new all-time high (ATH) of $9.23.
Pendle historic price sentiment
- In September 2020, the price of Pendle started at around $1.0849, and a gradual decline followed.
- Between October and December 2020, the price continued to decrease steadily, ending the year below $1.0.
- Between January and June 2021, the price remained relatively stable, fluctuating around the $0.90 to $1.0 range.
- Between July and December 2021, Pendle continued to exhibit minor fluctuations, maintaining a range around the $1.0 mark but showing no significant upward or downward trend.
- The price of Pendle from January to December 2022 remained relatively flat, hovering around the $1.0849 mark with minimal fluctuations. There was little to no significant upward or downward movement during this period.
- In June 2023, the price remained stable, with slight declines observed but staying well below the $1.0 mark. The price did not show any significant upward momentum and maintained a steady range.
- Starting from mid-2023, the price began to show slight upward movements, though it was still relatively low.
- By the end of December 2023, the price showed some initial signs of increase, moving closer to the $1.2 mark.
- $PENDLE saw significant growth in Q1 2024, hitting above $2.5 in January 2024, $3.2 in February, and $5.5 by the end of March.
- The positive momentum from Q1 2024 continued in Q2 2024. $PENDLE attained its ATH ($7.52) on April 11, 2024. The token retested its support at around $3.8 in mid-May but soon rebounded above $7 on May 20.
- $PENDLE closed at $6.8 in May 2024; in June 2024, the token traded within the $4.6 – $6.3 range.
- PENDLE is trading within the $3-$6 range in July.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
