PendleUSDT, the token associated with the Pendle decentralized options protocol, has been on a remarkable run since its launch in September 2023. After breaking through a key resistance level of $3.35 per token, it's currently trading at $7.17. Analysts are now left wondering: where will this growth stop?
A potential short-term peak at $8.10 before a pullback towards the established support zone of $3.35. This pullback wouldn't necessarily negate the overall bullish trend, as the $3.35 level represents a strong demand zone where buyers are likely to step back in.
A potential short-term peak at $8.10 before a pullback towards the established support zone of $3.35. This pullback wouldn't necessarily negate the overall bullish trend, as the $3.35 level represents a strong demand zone where buyers are likely to step back in.