Pendle (PENDLE) Pendle crypto was headed downwards for the fourth consecutive sessions. The strong selling pressure after the breakdown of the 50 day EMA has dragged the price closer to a trendline support. At the time of writing, the PENDLE crypto was exchanging hands close to $5.08 incurring a 7% loss in the past 24 hours.
Moreover, the long term trend outlook is positive which may invite the buying volumes at the lower levels. Now, if the price takes a rebound from the trendline support and reclaims above the 50 day EMA, it may resume its way towards the $7 level marking an end to its correction phase.
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