PENDLE/BTC Daily Chart Analysis | Momentum Building for the Next

PENDLE/BTC Daily Chart Analysis | Momentum Building for the Next Move

🔍 Let’s dive into PENDLE/BTC and highlight the current technical landscape with key areas to watch for traders.

⏳ Daily Chart Overview
PENDLE/BTC recently broke above a multi-month resistance near 0.00004500, confirming strong bullish momentum on the daily timeframe. Volume surges are supporting this upward move, indicating increased market participation and renewed interest from buyers.

🔺 Bullish Scenario:
If the uptrend continues, look for a push toward the first target:
- 0.00004840 (major supply/target zone)
- On further strength, 0.00005730 is in sight as the next resistance.
Expect short-term consolidation or minor pullbacks before any strong breakout.

🔻 Bearish/Consolidation Scenario:
If sellers step in or the rally loses steam, support is found at:
- 0.00004181 (immediate level)
- If this breaks, look for deeper retracement toward 0.00003300 (structural support).

📊 Key Highlights:
- Daily breakout from a consolidation range signals bullish continuation potential.
- Volume spikes confirm genuine buyer interest at current levels.
- Major upside targets: 0.00004840 and 0.00005730.
- Critical downside supports: 0.00004181 and 0.00003300.
- Price action may oscillate (range/consolidate) between the support and resistance before a major move.

🚨 Conclusion:
Momentum favors bulls as long as price holds above 0.00004181. Watch for a confirmed breakout above 0.00004840 for additional upside. Stay nimble—volatility will likely provide both breakout and pullback opportunities.

Keep an eye on PENDLE/BTC and PENDLE/USDT📈📊