Pendle (PENDLE) price is among the top performers in the cryptocurrency market today, posting double-digit gains.
Arthur Hayes has endorsed Pendle as the most important derivative exchange to come. The BitMex founder lauded the network’s unique ability to bring native crypto protocols to DeFi.
price has soared 10% alongside a 61% surge in trading volume. Pendle price is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
above $6.98 and decisively close above it on the daily timeframe, it would draw in more bulls, sending the price past the range high of $7.53. In a highly bullish case, the gains could extend to a new local top around $8.00 or $9.00. This would constitute a 35% climb above current levels. /USDT 1-day chart On the other hand, if the bears start cashing in on the gains made, the altcoin could drop, writing off the ground covered. A break and close below $5.51 would invalidate the bullish thesis, sending Pendle price lower to tag the $4.81 support.
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