Pendle Price Prediction: Top Bullish PENDLE Pumps at 14% as Analysts Say They Consider This AR/VR Cryptocurrency for Gains of 250% Pre-launch.

adminApril 6, 2024

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The price of Pendle has surged 14% in the last 24 hours. Deal for $5.76 As of 7:05 a.m. EST, trading volume had surged 207% to $335 million.

Pendle is gaining significant attention in the market today, establishing itself as one of the best-performing tokens in terms of returns among the top 100 coins by market capitalization.

This surge can be attributed to a number of factors, one of the most important being the impressive growth in Total Value Fixed (TVL). TVL soared from $240 million at the start of the year to nearly $4 billion in April. According to DefiLlama

Pendle Price Bulls follow a rising channel pattern to drive momentum.

pendle price

PENDLEUSDT analysis. Source: Tradingview.com

Pendle price marks a rebound after falling from all-time highs following a prolonged downward trend. The support zone at $2.34 gives the bulls permission to push the price higher as they trade within the rising channel pattern.

Despite the $5.74 decline, bullish investors proved resilient, pushing the price from the support level of $4.68 to a new ATH of $6.72.

The 50 simple moving average (SMA) supporting the price is contributing to the upward momentum, suggesting the potential for another surge in bullish activity that could help regain some of the previous decline.

Pendle price strength has pushed the price above the 50-day and 200-day simple moving averages (SMAs). However, increasing the general bullish momentum may help the bulls push the price up to the ATH of $0.0000004360.

The Relative Strength Index (RSI) indicates a downward trend but is generally rising from 43 to 69 below the midline of 50. As momentum increases, RSI will jump to overbought territory, currently at 55, confirming the rally.

pendle price

The MACD is also positive and is trading above a neutral position as the blue line crosses the orange signal line, signaling bullish sentiment. The histogram bars are also changing positive above the neutral position.

Pendle prices may face a downward trend

The red candlestick shape indicates that the price of Pendle is in a downtrend as it has hit resistance near $6.42 and is moving lower. This correction phase could gain momentum and potentially push prices further down. As a result, the bulls may retreat towards the lower border of the channel, which is around $5.34.

However, the 50 SMA acts as immediate support for the Pendle price. This could trigger a rebound, allowing the bulls to regain control and push the price past its current all-time high of $6.71.

While investors are considering the next Pendle move, the 5SCAPE token is experiencing a significant surge in the pre-sale phase.

This presents an attractive opportunity for those looking for potentially high returns, with analysts saying 5SCAPE could grow explosively upon launch.

A promising alternative to Pendle, buy now!

5scape Funds raised in pre-sales have surpassed $3.9 million as we quickly move toward our $5 million goal. The project stands out as the first AR/VR mixed reality crypto platform focused on revolutionizing the gaming industry.

5thScape, a cutting-edge cryptocurrency project set to revolutionize augmented and virtual reality, offers investors the opportunity to dive into the future of immersive gaming.
It has plans for innovative VR hardware and a variety of games including Cage Conquest and Epic. pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024

5thScape is committed to combining blockchain technology and virtual reality (VR) to provide users with exciting and innovative experiences. The project team is currently developing a complete VR/AR ecosystem, including game development, animation, and specialized hardware manufacturing, with the goal of encouraging widespread adoption.

VR is the future. Learn how the University of National Horizons Center is using VR and MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024

The 5SCAPE token serves as the driving force behind the 5th Scape VR ecosystem, a project that aims to drive the Web3 sector into the future by bringing together the brightest talent. In pursuit of this goal, we are unleashing a new wave of gaming innovation within the VR industry.

The unique Play-to-Earn feature allows users to earn passive income by playing Web3 games such as MMA Cage Conquest, Thrust Hunter, Immersive Kickoff, and Archery Master.

🔥 Unleash your fighting spirit in the thrilling world of MMA Cage Conquest! with #5Scenery
🎮 Watch the official trailer first and experience the adrenaline of virtual reality combat.
Are you ready to become the ultimate champion? Watch now: https://t.co/bHLiYMurCa… pic.twitter.com/K0CZkFWgws
— 5th Scape (@5th_scape) February 13, 2024

5SCAPE is currently in its fourth pre-sale phase at a price of $0.00285 per token. Considering the launch price is set at $0.01, investors who invest now stand to gain 250% before the token becomes tradable.

🚀 Pre-orders have surged beyond level 3!
🌐 Join us today and explore the world of virtual reality with multi-utility tokens.
🎉 Don’t miss the opportunity to join our vibrant community! #Imhawklash #Imhawklash #worm-hole #Cryptocurrency #5th scenery #Ticketing #Step 4 🌟 pic.twitter.com/QeznEVAvFJ
— 5th Scape (@5th_scape) April 4, 2024

With a 15% price increase expected in just over three days, now is the best time to buy.

To buy 5SCAPE using ETH, MATIC, USDT, BNB or bank card, visit the official website.

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