The cryptocurrency market has reached a new milestone, surpassing $4 trillion due to the surge in Ethereum and Pendle.
Ethereum Leads the Crypto Market
The cryptocurrency market has reached a total market capitalization of $4 trillion for the first time. Ethereum (ETH) has shown notable gains, with a 20% increase over the past week, trading around $3,650.
Pendle's Harmonic Structure
Pendle (PENDLE), which has risen 16% in the last 30 days, continues to attract attention due to its developing harmonic structure. On the daily chart, PENDLE is forming a Bearish ABCD pattern, which frequently indicates bullish continuation despite its name. PENDLE currently trades around $4.37.
Pendle's Future Prospects
If the current momentum holds, PENDLE could gain another 25% and approach the $5.45 level. This would denote an ultimate target level where traders might expect resistance or profit-taking.
The cryptocurrency market continues to exhibit growth, with active interest in tokens like Ethereum and Pendle. Expected growth in PENDLE may present new opportunities for investors.
