Arweave (AR) and Pendle (PENDLE) are demonstrating notable bullish trends amidst recent market volatility. Arweave has shifted from a macro downtrend to a new macro uptrend, while Pendle has broken out from a descending channel, signaling a potential bullish reversal.

Arweave’s Price Analysis:

Arweave (AR) has been prominently featured in Rekt Capital’s newsletter, highlighting its transition from a macro downtrend to a macro uptrend. Initially observed near its macro downtrend, AR subsequently broke this trend to enter a new macro uptrend.

Recently, AR has successfully retested the blue macro downtrend as support, leading to a transition into a light blue bull flag. To reclaim the $43-$59 macro range, AR needs to close above the $43 level. Sustaining this level historically supported range-bound behavior between $43 and $59. The top of the light blue monthly bull flag may play a crucial role in AR’s bid to secure this range.

Pendle Price Analysis:

Cryptocurrency analyst Élodie has been tracking Pendle (PENDLE), noting its price movements and key levels. Pendle experienced a breakout from a descending channel in mid-May, signaling an upward movement. The breakout featured a strong bullish candlestick, indicating robust buying interest.

Pendle's price reached around $7.00 post-breakout but has retraced to approximately $6.26, with $6.00 serving as a critical support level. Resistance is currently at $7.00, with sustaining above $6.00 and surpassing $7.00 potentially indicating a sustained bullish trend.

Both Arweave and Pendle face pivotal levels that could shape their future trends. AR must hold support above $43 to reclaim the $43-$59 range, while Pendle needs to remain above $6.00 and break through $7.00 to confirm a bullish trend continuation. Failure to maintain these levels could result in potential volatility and retesting of lower support levels for both cryptocurrencies.

This analysis highlights the importance of key levels for AR and Pendle in navigating the market's current dynamics.