Is This Where Pendle Price Bottoms Out Before the Next Rally?

Could a dip to $4.70 set the stage for a fresh rally in PENDLE? Ali, a crypto analyst on X shared a chart that points squarely at that level and sketches a possible path up toward $7.60.  This article walks through what Ali’s chart actually shows, why $4.70 matters, and how Pendle price might behave