Pendle’s price faces a critical juncture near its support level at $4.40. While struggling with resistance, maintaining this crucial support could pave the way for a potential breakout above $4.80, ultimately leading to a rally towards $7. However, a break below $4.40 poses significant risk of further price declines to $4.14 or even $4.06. The market’s indecision is evident with the flat MACD and RSI hovering around 48. Despite the recent pullback following its peak near $6.20, Pendle continues to show strength with a total value locked exceeding $11.68 billion across multiple chains. Experts suggest that if buyers hold above $4.40, Pendle might surge past $4.80 and possibly even reach $5.40 or $7. If the price falls below this crucial support level, it could trigger a further decline to lower levels.