Pendle’s $6.30 Target: Will $4.50 Hold for a Rebound?

Pendle (PENDLE) has found itself hovering around the crucial support level of $4.50, with analysts suggesting a potential rebound if this level holds firm. The token is currently trading at $4.52, down 1% over the last day but showing resilience near a key zone that aligns with ascending trendlines and Fibonacci retracements. Analyst Ali predicts a possible jump to $6.30 should this support hold, highlighting its significance in the price action.