The post PENDLE Technical Analysis Mar 21 appeared on BitcoinEthereumNews.com.

PENDLE is maintaining a sideways movement stuck around 1.23 dollars, carrying the risk of a sharp drop to 0.66 dollars if the 1.1847 support level breaks; however, bullish signals in the MACD provide hope for an upward bounce. Market Outlook and Current Situation PENDLE is trading at the 1.23 dollar level with a 3% drop in the last 24 hours. A clear sideways trend dominates the daily timeframe, with the price stuck in the 1.23-1.28 dollar range. Volume remains at moderate levels of 7.39 million dollars, and the stagnation in altcoins across the market appears to be affecting PENDLE as well. Bitcoin’s stable movement around 69 thousand dollars is calming the altcoin market, but PENDLE’s short-term bearish EMA position stands out. In this environment, investors are focused on key levels; as the consolidation observed in recent weeks could signal a major breakout. The dominance of the sideways trend also reflects PENDLE’s performance over the last week. The price continues to stay below the EMA20 (1.27 dollars), giving short-term bearish signals. However, there is no change in the overall market sentiment; the calm news flow keeps technical factors in the forefront. Those wishing to review PENDLE Spot Analysis, liquidity levels in the spot market carry potential for movement above the current volume. This consolidation period holds both opportunities and traps for traders; as a false breakout could lead to quick losses. Looking at multi-timeframe (MTF) confluence, a total of 9 strong levels are identified across the 1D, 3D, and 1W charts. Their distribution is 1 support/3 resistance on 1D, 2 support/1 resistance on 3D, and 1 support/2 resistance on 1W. This confluence shows how sensitive PENDLE’s current position is and provides a strategic map for the coming days. Technical Analysis: Levels to Watch Support Zones The most critical support level stands…

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Filed under: News - @ March 22, 2026 12:02 am