Pendle Breaks Resistance Levels with 74% Rally Toward $5.50

• Pendle announced breaking resistance levels through a 74% rally towards $5.50.
• It indicates recovery of upward momentum from consolidation.
• Maintaining key support is critical for Pendle’s continued rise.

Pendle (PENDLE) has recently broken resistance levels, signaling a potential midterm bullish breakout. The 12-hour chart displays the cryptocurrency breaking the downtrend line that had constrained prices for many months. Following this breakout, Pendle is expected to experience substantial growth, with a projected gain of 74% in the coming weeks. The token exhibits significant accumulation patterns and appears to have gained momentum, potentially moving towards higher price levels.

> $Pendle #Pendle Looking Very For Midterm, Breaking Multiple Resistances, Successful Breakout Can Lead Solid Bullish Rally, Expecting 2x After Successful Breakout. pic.twitter.com/UPYUwEtOsv
> — World Of Charts (@WorldOfCharts1) March 22, 2025

The chart reveals that Pendle spent several months oscillating below the downtrend line, with strong resistance at $3.20. Once this level was surpassed, prices broke through significant thresholds, and the asset is now testing upper resistances. The break of the downtrend line was a critical technical level, indicating a shift from a consolidation phase to a robust upward trajectory. This upward trend suggests Pendle could reach price levels around $3.60 and $4.50, as forecasted on the chart.

Potential 74% Rally Following Successful Breakout

The current breakout signals that Pendle might rally up to 74%, from approximately $3.20 to nearly $5.50. This projection is based on the measured move from the breakout point, which shows considerable growth potential for Pendle. Such a rally could yield higher returns for investors entering at current levels. However, it’s crucial for Pendle’s price to remain above $3.00, or it may risk reversing to bearish conditions.

Having broken various resistance levels, the primary question is whether Pendle can maintain its bullish trend moving forward. Prices face resistance in the $3.60 to $4.00 range, and confirming these breaks will be vital for the next stages in the rally. If Pendle can sustain prices above these thresholds, it is poised to approach the target of $5.50, with further upward potential. These price levels are critical for investors to monitor as they indicate whether Pendle is on a confirmed bullish path.