PENDLE Technical Analysis Jan 25

PENDLE is moving sideways at the $2.03 level, with intraday critical support and resistance levels set to be traders’ focal point. Although short-term bearish signals dominate, watch trigger points for quick momentum changes.

Short-Term Market Outlook

PENDLE is currently consolidating around $2.03 and showed a slight 1.75% increase over the last 24 hours. The daily range remained limited between $1.99 – $2.06, with volume at a moderate $23.14M level. The short-term trend is considered sideways, but the price structure failing to hold above EMA20 ($2.04) paints a bearish picture. RSI at 48.22 is in neutral territory, MACD histogram is negative, and Supertrend gives a bearish signal – resistance at $2.22. For the next 24-48 hours, continuation of sideways movement is likely; however, BTC’s bearish supertrend requires caution in altcoins. Multi-timeframe (MTF) analysis identified 14 strong levels on 1D/3D/1W: 3 supports/4 resistances on 1D, 1S/3R on 3D, 2S/5R on 1W. These levels are critical for intraday scalp and swing opportunities. For high-risk short-term trades, prioritize capital management; stop-losses should be positioned at tight levels.

Intraday Critical Levels

Nearby Support Zones

The nearest support is at $2.0088 (score: 73/100), serving as the first hold point in low-volume intraday tests. If breached, $1.9346 (71/100) comes into play quickly – this level aligns with EMA20 and forms a strong scalp zone. For deeper correction, monitor $1.6550 (64/100), though low probability within the 48-hour window. These supports are ideal for quick invalidation: a close below $2.0088 accelerates bearish momentum.

Nearby Resistance Zones

First resistance at $2.0543 (72/100), close to intraday highs and overlapping with EMA20. A breakout tests the $2.22 Supertrend resistance, followed by upside target $2.3870 (62/100). These resistances should be held tight; a volume-backed close above $2.0543 triggers a short-term bullish flip. For scalp traders, the $2.03-$2.05 zone is a high liquidity collection area.

Momentum and Velocity Analysis

Short-term momentum is bearish-leaning: MACD negative histogram is widening, RSI neutral with no divergence. Supertrend is bearish and capping price at $2.22. Velocity analysis shows slowdown based on the last 4 hourly candles – sideways chop likely. Volume is low, increasing fakeout risk. On 15m/1H charts, momentum indicators (e.g., Stochastic) are approaching oversold, potentially creating a bounce opportunity around $2.0088. However, with BTC dominance effect, there’s general pressure on altcoins; volume confirmation is essential for quick velocity spikes. Risk: False breakouts are frequent, tight stops mandatory (e.g., 0.5-1% risk/reward 1:2 target).

Short-Term Scenarios

Upside Scenario

Volume-backed breakout above $2.0543 (trigger: 1H close) breaks EMA20 toward $2.22 Supertrend. Upside target $2.3870, probability 28% score. Supportive if BTC breaks $89,312 resistance. Invalidation: Pullback to $2.0088. Swing traders have 24-hour holding potential, scalp between $2.05-$2.22.

Downside Scenario

Close below $2.0088 (trigger: 15m/1H) triggers quick drop to $1.9346 – downside target $1.7384 (24% score). Aligns with MACD bearish divergence. Accelerates if BTC breaks $88,986 support. Invalidation: Return to $2.0543. High risk, reduce position size.

Bitcoin Correlation

BTC sideways at $89,243, stable with 24h -0.42% change but Supertrend bearish. PENDLE highly correlated with BTC (beta ~1.2); if BTC breaks $88,986 support, PENDLE tests $2.0088. Conversely, BTC breakout above $89,312R supports PENDLE upside above $2.0543. BTC dominance rise increases altcoin pressure – key BTC levels: Support $88,986/$87,635, Resistance $89,312/$90,782. PENDLE traders should monitor BTC 1H chart in parallel, decoupling low probability.

Daily Summary and Monitoring Points

Today’s focus for PENDLE: $2.0088S and $2.0543R. Sideways continuation expected, with bearish bias. Monitor: 1) Volume spike on $2.0543 breakout, 2) $2.0088 test and bounce, 3) BTC $89k movements, 4) RSI 50 crossover. Short-term trades carry high risk; max 1-2% risk/position, use quick invalidation. No news flow, technicals dominate. For more details, check PENDLE Spot Analysis and PENDLE Futures Analysis. Capital preservation is priority!