PENDLE is currently trading around the $5 mark. Its daily trading volume has increased by over 14%. After an initial spike, the broader crypto market displayed mixed signals. Bitcoin (BTC) and Ethereum (ETH), the top two assets, remain relatively stable at around $113,400 and $4,200, respectively. Meanwhile, PENDLE saw a 6% surge in price. 📈 Pendle started the day at its daily low of $5.12. After testing and exceeding resistance between $5.17 and $5.47, it surged to a high around $5.52. The next significant resistance level is in sight, potentially leading to further gains. 💰 📈 📈 On CoinMarketCap, PENDLE traded near the $5.47 mark, with a market cap of $916.87 million, and daily trading volume exceeding $118.81 million. A bullish momentum is evident. 📈 💥 💰 📈 🧐 PENDLE’s Moving Average Convergence Divergence (MACD) line has crossed above the zero line, signaling a potential shift from bearish to positive momentum. 📉 This crossover coincides with a positive money flow into the asset as indicated by Chaikin Money Flow (CMF) at 0.09. Additionally, modest buying pressure is observed in the market. PENDLE chart (Source: TradingView) 📈 💥 💰 💫 🧐 ⚠️ The price surge of PENDLE could propel it towards the resistance level at $5.53. With increasing bullish momentum, a golden cross might occur, pushing the asset towards the next critical resistance level at $5.59. However, if bears gain control of the asset, they might push the price down to $5.41 or even lower. 📉 📉 ⚠️ The daily Relative Strength Index (RSI) for PENDLE sits at 52.45 in the neutral zone. It doesn’t provide a strong signal for buying or selling. 🧐 Furthermore, the asset’s Bull Bears Power (BBP) reading of 0.102 indicates a predominantly bullish scenario. While this value is modest, it suggests that bulls are driving price movement. 📈 💥 💰 😇