Technical analysis by ferulianov about Symbol PENDLE: Buy recommendation (1/16/2025)

Technical Analysis of the PENDLE Token (USDT) - 1H (BINANCE)PENDLE has recently experienced a strong drop, reaching support near $3.39.In the short term, there are signs of recovery, with the price consolidating between $3.72 and $4.08.The short-term averages, EMA 9 and 21, show upward directions, signaling a bullish view level.The long-term average is still descending, indicating that the market has not fully reversed to the upside.The histogram, on the other hand, shows a loss of bearish momentum, with the lines attempting a bullish index.If this movement continues, it will be possible to reinforce a recovery scenario.🔹Support: $3.39 / $3.72🔹Resistance: $4.08 / $4.33Should the price break $4.08 on volume, there is a chance of a push towards $4.33 and then $5.59.Pendle continues to explore new asset types for yield tokenization and integrate with high-impact DeFi protocols. Some future trends include:Expanding to more blockchain networks to increase liquidity and adoption.Partnering with institutional platforms, making yield tokenization a more accessible product.Enhancing governance, allowing PENDLE holders to play an even bigger role in the future of the protocol.📈 Pendle is becoming one of the leading yield management protocols in DeFi, paving the way for a more efficient and accessible market