PENDLE Price Surges Past $5 on Volume Spike: What's Next?

PENDLE breaks $5 amid volume surge and TVL peak. Is $6.30 next or will support levels falter? Here's the breakdown.

PENDLE Price Surges Past $5 on Volume Spike: What's Next?

PENDLE is making waves, folks! The price recently jumped above $5, fueled by a notable surge in trading volume. But is this just a flash in the pan, or is there more to the story? Let's dive in.

PENDLE's Big Break: $5 and Beyond

Pendle's price jumped more than 5% recently, breaking above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked. Buyers accumulated the native token of the crypto yield trading platform, and the price jumped from lows of $4.76 to above $5.10.

Volume Spike and TVL Peak: A Bullish Sign?

The recent price action is definitely eye-catching. On Sept. 11, buying pressure saw the 24-hour trading volume rise more than 35% to $110 million. It seems like folks are really taking notice of PENDLE. Amid the price fluctuation, Pendle’s traction in the decentralized finance ecosystem continued as total value locked in DeFi hit a new all-time high above $12.1 billion. Pendle TVL stood at $4.81 billion on July 1, 2025, suggesting a near-double jump in the past two months, with the price rebounding from around $3.24. But the big question is, can it hold?

Analyzing the Charts: Key Support and Resistance Levels

Crypto analyst Ali points out that the $4.50 area is a crucial support level for PENDLE. If this level holds, we could see a rebound towards the previous high of around $6.30. Think of it like a stretched rubber band – if the support holds, it could snap back with force.

Potential Bounce Scenario:

1. Support holds around $4.50 to $4.70.
2. Buyers test the resistance near $5.5 to $5.9.
3. Momentum pushes towards the previous high at $6.30.

The Risks: What Could Derail the Rally?

Of course, nothing is guaranteed in the crypto world. A drop below $4.50 could trigger a deeper pullback, potentially bringing the $3.91 and $3.37 levels into play. So, keep a close eye on those charts!

My Take: Cautiously Optimistic

Personally, I'm cautiously optimistic about PENDLE. The volume spike and TVL growth are encouraging signs. However, it's crucial to watch those support levels and be prepared for potential volatility. Remember, do your own research and never invest more than you can afford to lose.

Looking Ahead

So, will PENDLE reach $6.30? Only time will tell. But one thing's for sure: it's going to be an interesting ride. Keep your eyes peeled and your wits about you, and who knows, maybe we'll all be celebrating a new all-time high soon!

Stay tuned, crypto enthusiasts, and remember to keep those stop-loss orders in place. You never know what tomorrow might bring in the wild world of crypto!