Technical analysis by MasterAnanda about Symbol PENDLE: Buy recommendation (5/16/2025)

Watch the same price range alternate between resistance and support, the blue line/space on the chart.There is also a long-term double-bottom and the Adam & Eve formation, all together in the same chart.This paints a picture of a changing cycle. The recovery from the A&E is quite strong. From the 11-March low we have two long months of painful recovery, slow and steady growth. But PendleUSDT now trades above resistance/support.The chart is self-explanatory, once on the bullish zone, PENDLEUSDT can grow. This is the situation now. Resistance was conquered 9-May. The proceeding days it was tested as support and holds.We can expect some consolidation above this level and then boom! A strong advance hitting new highs. Pendle is set to hit its highest prices ever in 2025 and then some more. $11 and $16 are the main targets.Thank you for reading.Namaste.