The price of PENDLE is pulling back again after running into that familiar wall around $3.00 to $3.20, a resistance zone it just can’t seem to clear. It’s been trying to push through since March, but each time it gets knocked back. Traders are still watching to see if the overall uptrend, with its steady higher lows, can stay alive.
Right now, the price has dipped to about $2.75, showing some weakness after the latest attempt. Volume is also down by around 30%, which hints that the momentum might be cooling off. Whether buyers step back in soon could decide where things go next.
What you'll learn 👉
PENDLE Technical Pattern Points to Support Retest and Potential Upside
Chart data shows that PENDLE price has once again been rejected at the $3.00–$3.20 zone, a resistance area it’s struggled with since March. After briefly pushing into that range, the price pulled back, keeping the breakout on hold for now. This level continues to act as a major barrier, and unless it’s cleared with conviction, upside momentum may remain limited.
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Prominent analyst AMCryptoAlex pointed out the steady formation of higher lows and noted that a 12-hour close above $3.20 is still needed to confirm a bullish breakout. Until that happens, the $3.00 zone remains a key ceiling. If the price keeps slipping, traders will likely turn their focus to the ascending trendline near $2.80, a level that’s held up as support since March.
DeFi Sentiment Diverges as PENDLE Holds Ground
While broader DeFi tokens face declines, PENDLE continues to outperform. Crypto researcher JackChai noted that PENDLE closed the week in green, in contrast to steep double-digit losses across much of the sector. This outlier performance has sparked conversation about the token’s role amid shifting market narratives.
All of DeFi is bleeding. So is my net worth.
— jackchai (@JackChai0922) April 8, 2025
But $PENDLE @pendle_fi closed the week in green, while the rest of the major DeFi tokens posted losses(some over 25%🤡)
Market sentiment remains fragile as liquidity and narrative interest both decline. Are we entering the DeFi… pic.twitter.com/vbVQzo03oS
Adding to this sentiment, crypto expert Finish shared on X that “$PENDLE is saving my portfolio singlehandedly again,” citing the protocol’s relatively low fully diluted valuation (FDV) of $800 million. The tweet suggests that traders are beginning to reassess the token’s relative strength and position.
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$PENDLE saving my portfolio singlehandedly again
— Finish 🏁 (@0xFinish) April 8, 2025
Imagine what will happen on a pullback?
FDV is just $800M, this is the real one pic.twitter.com/YKFr7tCzES
Beyond short-term movements, PENDLE’s product positioning in DeFi continues to draw positive attention. Analyst 18decimals described the protocol as a strong fit for the current cycle, citing its ability to enhance existing DeFi protocols and tokenize yield. The tweet referenced PENDLE’s cross-chain potential and mission clarity as factors supporting sustained interest.
In the DeFi space, $PENDLE is what I would consider to be a perfect application for this cycle.
— 18Decimals (@18decimals) April 8, 2025
The ability to enhance already established projects with cross chain compatibilities.
A clear mission, innovative, and dominate their corner of the market; tokenizing yield.
PENDLE’s alignment with both DeFi and real-world asset narratives may help explain its divergence from broader market weakness. As the token retests a historically contested zone, technical traders and long-term holders are watching for the next decisive move.
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