Pendle (PENDLE) is currently priced at $5.45, reflecting a 24-hour decline of 6.67%. The price has fluctuated between a daily high of $6.23 and a low of $5.41, indicating a relatively narrow daily range of 0.82%.

The trading volume stands at approximately $199.41 million, with a volume-to-market cap ratio of 21.82%, suggesting robust trading activity relative to its market cap. Moving averages reveal a bearish trend, with the 8 SMA at $5.85 (down 6.87%) and other short-term SMAs also reflecting downward pressure, indicating potential continued weakness in the near term.

The 1-hour RSI is at 27, which signals oversold conditions, while the 7-day RSI at 51 suggests a neutral trend. Over the past week, PENDLE has appreciated by approximately 2.03%, and the 14-day change shows a modest increase of 1.81%, but the 30-day change indicates a more significant gain of 21.38%, showcasing some resilience despite recent losses.

The all-time high for Pendle stands at $7.50, reached on April 11, 2024, indicating potential for recovery towards that level if bullish momentum can be established. Current technical indicators, particularly the moving averages and low RSI, suggest that the asset is under selling pressure, which may hinder short-term price appreciation.

Considering the current market conditions and technical indicators, I recommend a Hold rating for PENDLE. The asset's oversold status may present a buying opportunity in the long run, but short-term weakness suggests caution before entering new positions.