Technical analysis by RLinda about Symbol PENDLE: Buy recommendation (5/20/2025)

PENDLEUSDT is preparing for distribution after a prolonged consolidation. The price is testing a key resistance level, which, if broken, will trigger a rally...The coin is breaking through the flat resistance and consolidating above the upper border of the range. The key level is 4.400. If the bulls hold their ground above this level, the growth may continue.Bitcoin is showing bullish dynamics, which supports the altcoin market. The bullish trend may continue in altcoins as well. Pendle may move from consolidation to distribution.Resistance levels: 4.32, 4.400Support levels: 4.024, 3.622If the coin manages to consolidate above the key resistance level, thereby confirming the breakout, the price may move to aggressive growth. In this case, the target could be 4.800.Best regards, R. Linda!