The post Pendle price eyes breakout as sPENDLE staking goes live appeared on BitcoinEthereumNews.com.

Pendle price is showing signs of recovery above a key resistance level as the protocol rolls out a new staking model. Summary Pendle rose 9% on the day as volume and open interest increased. The launch of sPENDLE replaces long token locks with liquid staking. Price is consolidating below $2.35, with a breakout or rejection likely. Pendle was trading at $2.07 at press time, up 9% over the past 24 hours, as rising open interest and a major tokenomics overhaul put the $2.35 resistance level back into focus. The token has moved within a seven-day range of $1.86 to $2.31 and is down 2.9% over the past week. Still, it remains 9% higher on a 30-day basis, pointing to steady recovery after last month’s pullback. Trading activity has picked up alongside the price move. Pendle’s (PENDLE) 24-hour spot volume rose 34% to $63 million, suggesting renewed participation rather than thin, low-liquidity gains. Derivatives data from CoinGlass adds context to the move. Even though derivatives trading volume fell by about 9% to $67 million, open interest rose nearly 10% to $45 million. That mix usually suggests traders are opening new positions instead of exiting old ones, pointing to increasing confidence in the current price move. What’s driving the recent move The rally comes as Pendle rolls out a sweeping update to its staking and governance model. On Jan. 20, the protocol announced that vePENDLE will be replaced by sPENDLE, a liquid staking token designed to remove multi-year lockups. Instead, sPENDLE introduces a 14-day withdrawal period, with an option for instant redemption at a fee. Under the new structure, protocol revenue will be used for PENDLE buybacks and distributed to eligible sPENDLE holders. The manual gauge voting system will also be replaced by an algorithmic emissions model, which Pendle says will cut…

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Filed under: News - @ January 20, 2026 5:27 am