Pendle (PENDLE) is currently trading at $3.20, showing a 24-hour price increase of 4.16%. The daily price range indicates a high of $3.26 and a low of $3.02, suggesting moderate volatility with a daily range of 0.24%.

The trading volume stands at approximately $50.9 million, representing 9.38% of the market cap. This volume suggests strong market interest, although the price has seen a significant downturn over the past 30 days, with a price change of -37.19%.

Technical indicators show mixed signals; the 1-hour RSI at 52 indicates a neutral stance, while the 7-day RSI at 44 suggests bearish momentum. The short-term moving averages (8 SMA at $3.21 and 13 SMA at $3.19) show slight downward pressure, while longer-term averages (144 SMA at $3.47) indicate a more significant decline over time.

Recent price actions demonstrate a bearish trend over the past two weeks, with a 14-day price change of -32.51%. Despite the short-term recovery, the long-term outlook remains concerning as the price is well below the all-time high of $7.50 reached in April 2024.

Given the current price levels, volatility, and bearish indicators, it is prudent to adopt a cautious approach. Therefore, I recommend a Hold rating for Pendle (PENDLE) as it may be prudent to wait for clearer bullish signals before making further investment decisions.