Yeliz Akmaca 
One of the Ethereum-based projects, PENDLE, has recently demonstrated a remarkable upward move and continues to maintain its recovery trend steadily from its bottom levels.
As Ethereum’s (ETH) correction phase seems to have ended, coins regaining momentum in the market include $PENDLE, which stands out with its rising potential. From a technical perspective, PENDLE is among the key projects that should be closely monitored.
Technical Outlook:
PENDLE/USDT – 4H Chart
Maintaining its structure without disruption, $PENDLE only conducted a liquidity grab near the critical $3.72 level and bounced back with renewed bullish momentum.
The first resistance to monitor is at $4.13, while the main resistance zone lies at $4.73. Although this zone was previously breached with a confirmed close, liquidity was left behind at the $5.03 mark. A new high formed above this level would support further upward movement.
However, if the price reaches the $5.03 zone but fails to hold above it, a downward correction may begin. The uptrend from the bottom remains valid, yet a deeper correction on the $BTC side could break this trend, activating the major support level at $3.47, where a fresh bounce is expected.
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