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Whales Boost PENDLE Purchases: Growing Interest in the Token

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by Giorgi Kostiuk

6 days ago

Recent on-chain analysis shows five new wallets withdrew over $7.9 million worth of PENDLE tokens from Binance, indicating increased whale interest.

Exchange Flows Highlight Outflows

Data from Coinglass indicates continuous outflows of PENDLE, notably observed in late March and early April. Such activity suggests larger parties might be moving towards long-term investments.

Technical Indicators Reflect Growth for PENDLE

Technical indicators such as Bollinger Bands and the 9-day EMA suggest favorable trends for PENDLE, with a recovery deviation of -37.98% from prior corrections. Additionally, RSI remains high, indicating continued buying pressure.

Market Sentiments and Future of the Token

PENDLE's daily trading volume increased by 14.53%, indicating growing investor interest. If current trends persist, the token's price may reach the $3.20 resistance level.

Increased whale activity and technical indicators suggest positive prospects for PENDLE's growth in the near future.

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