Pendle (PENDLE) is currently priced at $3.12, reflecting a slight decline of 0.10% over the past 24 hours. The daily trading range has been narrow, with a high of $3.18 and a low of $3.04, indicating low volatility in the short term.

Trading volume stands at approximately $55.36 million, which translates to a volume/market cap ratio of 10.98%, suggesting moderate liquidity. The hourly moving averages are showing mixed signals, with the 21 SMA indicating a slight upward trend, while the 144 SMA points to a downtrend over a longer period.

The 1-hour RSI at 63 indicates that PENDLE is approaching overbought territory, which could lead to a potential price correction if buying pressure eases. In contrast, the 7-day RSI at 45 suggests that the asset is relatively neutral and not yet oversold, providing room for further movement without immediate selling pressure.

Over the past week, PENDLE has decreased by approximately 5.94%, while the 14-day change reflects a modest decline of 1.20%. However, the 30-day price change shows a significant increase of 29.23%, indicating a positive longer-term trend despite recent short-term weakness.

The all-time high for PENDLE was recorded at $7.50 in April 2024, which creates a substantial upside potential from the current price. Given the current technical indicators and recent price action, the asset exhibits signs of consolidation and potential recovery, but caution is warranted due to its recent downward movements.

Overall, the analysis suggests a HOLD rating for PENDLE at this time. While there are signs of a potential rebound supported by historical trends and RSI levels, the recent declines and mixed moving averages indicate that investors should wait for more decisive bullish momentum before increasing positions.