Pendle (PENDLE) is back in the spotlight today after jumping nearly 4% to around $3.91. What’s even more eye-catching is the trading volume, it is up over 220%, which has caught the attention of the crypto crowd.
The move comes after a wave of positive developments, both on-chain and on the charts. Ever since breaking out of a long consolidation phase back in March 2025, PENDLE has been showing strength. Data from Binance confirms the bullish trend, and analysts on X are backing it up with fresh metrics that suggest the momentum could keep building.
Top analyst Crypto Winkle posted a tweet outlining Pendle’s recent DeFi performance metrics. The platform now holds over $5 billion in total value locked (TVL) and generates more than $5 billion in monthly trading volume. Notably, $2.5 billion worth of principal tokens (PTs) are being used as collateral on-chain, accounting for around 5% of all collateral in DeFi. This metric has increased by 52% over the past four months.
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Pendle just made DeFi history. And no one’s ready for what comes next.
— Crypto Winkle (@CryptoWinkle) June 17, 2025
Let’s break it down:
🔹$5B+ TVL locked
🔹$2.5B PT being used as collateral, that’s ~5% of all DeFi collateral, up +52% in 4 months
🔹$5B+ monthly trading volume
🔹All the best stablecoin yields across crypto… pic.twitter.com/lavJ1qQgrD
The tweet described Pendle as “the apex yield machine” due to its concentration of high and stable yields on crypto-based stablecoins. These factors appear to be contributing to the current surge in both interest and trading momentum.
Pendle Technical Setup and Chart Structure
PENDLE price structure on the daily chart indicates a breakout from a falling wedge pattern that had developed between November 2024 and March 2025. Following this breakout, the token established a bullish sequence of higher highs and higher lows. Price action has remained above the $3.40–$3.50 support region.
There is a visible support zone between $1.80 and $2.10, where the price had previously consolidated before its upward breakout. The market has respected this level, confirming it as a strong area of accumulation.
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Future Pendle Price Path and Projections
The current chart setup suggests the potential for continued bullish momentum if market conditions remain steady. Price projections show a path toward the $6.00–$8.00 range, supported by a rising structure and strong technical base. Pendle might take a breather and move sideways for a bit, but the bigger picture still looks bullish.
Moreover, traders are keeping a close eye on how the Pendle price behaves around the $4.00 mark, especially watching the volume, to see if another move higher is on the way.
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