The post PENDLE Technical Analysis Mar 1 appeared on BitcoinEthereumNews.com.

PENDLE’s 24-hour trading volume reached 28.05 million dollars, while the price’s 6.85% rise is supported by low participation; this indicates that market sentiment is cautious and potential accumulation signals remain weak. The stagnation in volume questions the sustainability of the short-term recovery despite the overall downtrend. Volume Profile and Market Participation PENDLE’s current volume profile is trading below average levels with a 24-hour trading volume of 28.05 million dollars. This signals limited market participation; especially compared to the volatility in the overall crypto market, no volume increase is observed in PENDLE. While the average daily volume recorded in recent weeks is around 35-40 million dollars, today’s level is 20-30% lower. This low participation weakens the price rise to $1.29 and shows that investors are not taking positions without certainty about the overall downtrend (Supertrend bearish, resistance $1.68). Low-volume rises are typically referred to as “fake breakouts”; here, buyers have not yet entered at full capacity. In terms of market participation, volume remains below average on up days, while it was higher in previous down moves – this reflects seller dominance. For a healthy recovery, volume needs to increase by at least 50% and hold above EMA20 ($1.28). Otherwise, lack of participation may delay a trend reversal. Accumulation or Distribution? Accumulation Signals Accumulation signals are limited but promising: A slight volume increase was observed as price broke above EMA20, which may imply institutional buyers accumulating positions at low levels. RSI at 46.70 is in neutral territory and the MACD histogram has turned positive; volume partially confirms this momentum. MTF volume levels (1D: 2 support/3 resistance, 3D: 2S/1R, 1W:1S/2R) support volume accumulation at strong supports ($1.2431 score 74/100). If volume surges at $1.3040 resistance, it could transition to an accumulation phase targeting $1.9590. Educational note: In accumulation, volume typically increases at price…

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Filed under: News - @ March 1, 2026 4:23 pm