Pendle (PENDLE) is currently trading at $2.62, reflecting a 24-hour decline of 3.24%. The price has fluctuated between $2.60 and $2.77 within this period, indicating a relatively narrow daily range of 0.17%.

Volume over the last 24 hours stands at approximately $64.84 million, with a volume-to-market cap ratio of 15.41%. This suggests moderate liquidity, though the recent price drop may indicate reduced buying interest amid the current sell-off.

The hourly moving averages show a bearish trend, with the 8 SMA at $2.65 (-1.06%) and the 13 SMA at $2.66 (-1.62%). Conversely, the 144 SMA is positive at $2.51 (+4.31%), indicating potential support in the longer term, but the short-term indicators suggest weakness.

The 1-hour RSI at 27 signals oversold conditions, which could trigger a bounce-back if buying pressure resumes. However, the 7-day RSI at 56 reflects a more neutral sentiment, suggesting that while there has been a recent price increase of over 25% in the past week, the momentum may be losing steam as the market consolidates.

In terms of historical performance, Pendle's all-time high of $7.50 achieved in April 2024 shows significant potential for upside. However, the 30-day price change of -23.79% indicates a broader downtrend that needs to be addressed for a sustainable recovery.

Considering the current technical indicators and the mixed sentiment from both short-term and long-term perspectives, the recommendation for Pendle is to Hold. This stance allows for monitoring the market for signs of recovery, particularly if the price stabilizes above the 144 SMA, while remaining cautious of potential further declines given the recent volatility.