PENDLE eyes a new yearly high as TVL hits $8.5B: check forecast
Main Idea
PENDLE's price surged 35% in a week, reaching a 2025 high of $6.014, with its Total Value Locked (TVL) hitting a record $8.5 billion due to the launch of the Boros platform, and it may soon reach a new yearly high of $6.5 if bullish momentum continues.
Key Points
1. PENDLE's price rallied 35% in the last seven days, hitting a 2025 high of $6.014 before retracing slightly.
2. Pendle's TVL reached a record $8.5 billion following the launch of the Boros platform, which has increased market activity.
3. The PENDLE/USD 4-hour chart shows bullish indicators, with the Relative Strength Index at 74 and MACD lines in positive territory.
4. If the bullish trend continues, PENDLE could reach a new 2025 high of $6.5, potentially nearing its all-time high of $7.52.
5. A market correction could see PENDLE drop below $5.3, with further downside if support levels fail.
Description
It was a net positive weekend for the cryptocurrency market as Bitcoin, Ether, and other major coins recorded excellent gains. Bitcoin surged to the $122k mark and is now closing in on its all-time high price of $123k. Meanwhile, Ether added 20% to its value over the last seven days and now trades above $4,300 per coin. Other altcoins also recorded excellent gains over the last few days. PENDLE is another coin that rallied higher as it added 35% to its value in the last seven days. The coin is n...
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