PENDLE’s Double-Bottom Breakout Hints at a 100% Surge—Here’s Why

A classic chart pattern just flashed bullish for PENDLE—and traders are eyeing a potential double-digit rally.

The token’s double-bottom breakout suggests a reversal from recent lows, with technicals pointing to a 100% upside target. No guarantees, of course—this is crypto, where even ‘sure things’ can evaporate faster than a meme coin’s liquidity.

Why it matters: Double-bottoms often signal exhaustion of selling pressure, and PENDLE’s clean breakout above the neckline adds credibility. Now, it’s all about holding that level.

The cynical take? If this fails, it’ll join the graveyard of ‘textbook patterns’ wrecked by market makers. But for now, the charts say ‘buy.’

• PENDLE trading at $4.32, showing a recent slight decline but weekly gains.
• Technical analysis signals a bullish breakout, with critical resistance near $4.50.
• 2025 price forecasts vary widely, from strong growth above $9 to modest or negative returns.

PENDLE is currently trading at $4.32 and has decreased by 2.34% in the last 24 hours. The cryptocurrency has had a 3.53% rise over the week so far, showing some strength in the price trend.

Over the past 24 hours, PENDLE has seen approximately $95.97 million in trading volume, down by 23.61%. The decline may be an indication of less buying and selling activity at present. The market now seems to be resting after the recent jump as sellers and buyers hold out to see what will happen next.

PENDLE shows bullish double bottom

As noted by cryptocurrency analyst VipRoseTr, Pendle has established a good technical setup, adhering to a double-bottom formation, a formation known to be a sign of possible bullish reversal. The cryptocurrency has convincingly shifted above the 0.618 Fibonacci retracement level, a key technical level which indicates a continuation in upward movement. From a $3.00 level of support, PENDLE surged by over 40% to the present trading level.

But the rally has a strong resistance zone at $4.50, which has been labeled as the double-bottom neckline. A break and hold above here WOULD be essential for affirming the continuation of the upward trend. If this level breaks, targets at $8.245 and $10.214 in the intermediate and longer term would be seen as possible by analysts, highlighting the good growth PENDLE would be capable of if the momentum continues.

Bullish sentiment drives optimistic outlook

Market forecasts for PENDLE in 2025 reveal varying outlooks. PENDLE potentially surpassing $9.46 by the end of the year. This forecast includes intermediate milestones such as breaking the $7.52 previous all-time high and holding steady between $8.91 and $9.46. This scenario reflects strong investor confidence and bullish sentiment among some market participants.

On the other hand, Changelly presents a more cautious view, estimating a minimum of $3.36 and a maximum of $3.89 and an average of $4.41. The prediction points toward a negative return on investment of about 12.4%, which indicates a warning from technical experts. Likewise, short-range price projections in May 2025 predict a limited trading band between $4.26 and $4.41 and minimal variations expected.

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