The post Pendle Price Nears $6.5 Wall, Breakout Could Trigger Run to $10 Target appeared on BitcoinEthereumNews.com.

TLDR: Pendle trades at $5.86, up 6.96% in 24 hours with a $231M daily volume, per CoinGecko data. Analysts see a bull flag on the weekly chart, with resistance near $6.0–$6.5 now under retest. A weekly close above $6.5 could confirm a breakout and open a path toward $10 per token. Demand near $5.0 has held strong, with support repeatedly confirmed in the $1.5–$2.0 zone. Pendle is tightening against key resistance after a week of steady gains. The token has climbed close to the breakout zone that traders have been tracking for months.  Analysts now say the chart shows a classic bull flag, often seen before sharp moves. With the price hovering near $6.5, momentum is building fast. The market focus is clear: will Pendle clear resistance and open the door to $10? Pendle Price Retests Macro Resistance According to chart analysis shared by Bitcoinsensus on X, Pendle has formed a large bull flag pattern on the weekly timeframe.  $PENDLE Coiling Up for a Massive Breakout The weekly time-frame on $PENDLE is looking very bullish. Price has been consolidating within this macro bull flag pattern The upper resistance line is now getting retested and the breakout coul come very soon. Breakout Target :… pic.twitter.com/4hx5JoBnR5 — Bitcoinsensus (@Bitcoinsensus) August 23, 2025 The setup comes after a strong upward move that left price consolidating in a downward channel. This pattern is widely tracked by traders for possible continuation if resistance breaks. The current resistance sits between $6.0 and $6.5, where price has been rejected before.  At the time of analysis, Pendle was trading near $5.63, just under that level. That zone now stands as the key breakout barrier. Analysts noted that a weekly close above it could unlock more upside. Support remains far below, anchored between $1.5 and $2.0. Price tested that…

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Filed under: News - @ August 23, 2025 12:24 pm