Pendle (PENDLE) is currently priced at $2.65, reflecting a notable 10.44% increase over the past 24 hours. The cryptocurrency experienced a daily high of $2.70 and a low of $2.39, indicating strong volatility within a daily range of 0.31%.

The volume of $66,762,749 corresponds to a relatively high 15.31% of the market cap, suggesting robust trading activity that can support price movements. The moving averages show a bullish trend, particularly with the 8 SMA and 13 SMA indicating increases of 6.72% and 6.95%, respectively, which is a positive signal for short-term momentum.

The 1-hour RSI stands at 76, indicating that PENDLE is overbought in the very short term, which could lead to a pullback. However, the 7-day RSI of 51 suggests that the asset is neutral and not yet overextended, allowing for potential further gains.

In the past week, PENDLE has appreciated by approximately 8.03%, while the 14-day change is slightly more robust at 9.61%. Nevertheless, the 30-day price change of -12.23% indicates that the asset has faced pressure over a longer time frame, which may influence investor sentiment.

With an all-time high of $7.50 reached on April 11, 2024, there remains substantial upside potential for Pendle, especially if market conditions improve. However, current overbought signals could imply a short-term correction is likely before any sustained upward momentum can be achieved.

Given the bullish indicators in the short term contrasted with the longer-term downtrend and the overbought RSI, a cautious approach is warranted. Therefore, the rating for Pendle (PENDLE) is a Hold, suggesting that investors should monitor for potential pullbacks before considering new positions or additional purchases.