PENDLE Technical Analysis Feb 1
The post PENDLE Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.
PENDLE is stuck just above $1.4540, a strong support zone at the $1.57 level, and RSI at 32.58 is giving an oversold signal; while carrying recovery potential, the bearish MACD and position below EMA keep the downside scenario alive. Current Market Situation PENDLE price is trading at the $1.57 level and stayed in the $1.54-$1.67 range with a 1.94% decline over the last 24 hours. Volume is at a moderate $46.16M level, with the overall trend downward. RSI at 32.58 is near the oversold zone, while MACD shows a negative histogram confirming bearish momentum. Price is trading below EMA20 ($1.92) and other short-term moving averages; the Supertrend indicator is giving a bearish signal and the $2.11 resistance level is prominent. In multi-timeframe (MTF) analysis, 10 strong levels were identified across 1D, 3D, and 1W charts: 1 support/2 resistances on 1D, 1S/1R on 3D, and 3S/4R balance on 1W. Critical support at $1.4540 (strength score 79/100), resistances at $1.7697 (66/100) and $2.7722 (66/100). This structure requires traders to be prepared for both directions; oversold conditions may pave the way for a bullish flip, while low-volume declines may signal bearish continuation. Scenario 1: Upside Scenario How Does This Scenario Unfold? For the upside scenario, a clear break above the $1.7697 resistance is essential first; if confirmed with a high-volume candle close, momentum shift begins. Positive divergence on RSI (if RSI forms a higher bottom while price makes a new low) and MACD histogram approaching zero become early warning signals. Supertrend turning bullish and breaking above EMA20 strengthens the short-term trend reversal. Volume increase is mandatory; exceeding the last 24 hours’ $46M indicates buyers entering. Holding 1W supports in MTF (around $1.4540) preserves the long-term bullish structure. Stability or rise in BTC may trigger an altcoin rally. In this scenario, invalidation is a…
Filed under: News - @ February 2, 2026 12:21 am