Could a dip to $4.70 set the stage for a fresh rally in PENDLE? Ali, a crypto analyst on X shared a chart that points squarely at that level and sketches a possible path up toward $7.60.
This article walks through what Ali’s chart actually shows, why $4.70 matters, and how Pendle price might behave if the setup plays out.
Ali’s chart draws a clear rising channel that has guided price action over the past weeks. There are lower trendlines that act like a floor while a midline and an upper trendline mark interim resistance.
A pullback that reaches $4.70 would sit near that channel floor and line up with horizontal support from prior swing points. That kind of alignment is what makes this area worth watching on the Pendle chart.
Why $4.70 Could Be the Buy Zone for Pendle Price
Channel support, past reaction points, and a cluster of retracement levels come together close to $4.70 on Ali’s setup.
When several supports meet at one price, entries look cleaner because a stop can sit under the same structure. That does not guarantee anything, yet it explains why the $4.70 area appears attractive on this chart.
How PENDLE Price Might Move From Buy Zone Toward $7.60
Ali’s chart shows a straightforward scenario unfolds if buyers step in at $4.70. An initial bounce could push price toward the channel midline near $5.2 where consolidation might occur. A follow through above that midline could open room to a higher resistance band around $6.4.
Continued momentum could then carry Pendle price up toward the channel upper edge close to $7.60.
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The chart also shows alternative paths; a failure to hold $4.70 would point to lower supports and change the trade landscape. Keep an eye on the interplay between channel lines and horizontal support. That is where the argument for a buy zone becomes stronger or falls apart.
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