PENDLE Breaks Double Bottom, Eyes New $8.25 Target

Pendle has rallied above the $4.13 level after forming a double bottom pattern, now targeting $8.25 and $10.21 as long-term objectives if $4.50 holds as support. The positive momentum is supported by increased volume and rising price action, indicating a shift in the trend. 📈 The chart shows that Pendle has breached the 0.618 Fibonacci retracement level and is currently testing resistance at the $4.50 mark. If this level breaks and holds strong, it could signal a significant bullish continuation with targets exceeding $8.25 and $10.21.