The PENDLE cryptocurrency price is showing bullish momentum, with bulls attempting to break through a key resistance level of $3.69. Recent price action suggests the asset could be poised for a significant move. Analysts at Zayan note that pendle is currently trading near its 200-EMA, having risen over 79% from the support level of $1.82 and reversed a previously bearish trend. Key indicators suggest a positive trend reversal. The price has sustained above the 50-day EMA, indicating a mild upward trend. However, the ultimate confirmation of this trend shift depends on the bulls successfully breaking through the $3.69 resistance level. To sustain its recovery phase, Pendle needs to attract buyers and build momentum. TradingView data shows the current price is at $3.17 with a 11% intraday gain, showcasing positive momentum. Over the last month, pendle has increased by 28.73%, indicating strong investor participation. Analysts have highlighted potential breakout above the $3.6 mark and are closely watching for further developments. Technical analysis suggests that the price may face short-term retracements but is expected to be easily bought back. A sustained break above the 50-EMA ($2.8) level will indicate continued bullish activity, while support levels of $2.86 and $2.50 are crucial for short-term stability. Resistance levels at $3.69 and $4.00 present key hurdles to overcome.