The cryptocurrency Pendle, ranked 85th on CoinMarketCap, has demonstrated significant price growth in recent days, garnering interest from analysts and investors.
Overview of Pendle Price Growth
In the last 24 hours, Pendle has added 19.95% to its trading price, reaching $5.26. The market capitalization increased by 20.68%, amounting to $881.36 million, while the trading volume surged by 280% to $396.85 million.
Trends and Support Levels
According to TradingView data, during the trading session on August 7, 2025, Pendle opened at $4.010, hitting a high of $5.135 and a low of $3.983, closing at $5.020. This increase allowed Pendle to surpass its 20-day, 50-day, 100-day, and 200-day moving averages.
Pendle's Future Pricing Outlook
With the current bullish trend, Pendle aims to retest its all-time high of $7.52. If bulls maintain control and the price stays above $5.00, this could pave the way for further increases to $6.00 and beyond.
Pendle continues to showcase growth, with current forecasts based on market dynamics and technical indicators. Exciting prospects may lead to new records in the near future.
