Pendle (PENDLE) is currently priced at $4.15, experiencing a 24-hour change of -1.54%. The daily price fluctuation shows a high of $4.39 and a low of $4.10, indicating a relatively tight range of 0.29% during this period, which may suggest reduced volatility among traders.

The trading volume over the last 24 hours is approximately $80.47 million, translating to a Vol/Market Cap ratio of 11.96%. This volume suggests that there is still significant market interest, although the negative price change may indicate bearish sentiment prevailing in the short term.

Looking at the moving averages, the 8 SMA, 13 SMA, and 21 SMA are all below the current price, indicating a downward trend. In contrast, the 144 SMA is slightly above the current price, suggesting potential resistance around this level as the price attempts to recover.

The 1-hour RSI is at 27, indicating that PENDLE is in oversold territory, while the 7-day RSI of 47 suggests that it is approaching neutral territory. The recent price changes indicate a decline of approximately 7.28% over the last week, but a notable increase of 28.68% over the past 30 days, reflecting a mixed short-term performance.

The all-time high of $7.50 reached in April 2024 sets a significant benchmark for recovery potential, but the current price is approximately 44% lower than this level. This decline, combined with the recent negative trends, suggests that the market is currently testing support levels established by recent lows.

In summary, while the longer-term price action shows potential for recovery, the immediate technical indicators and bearish sentiment indicate caution. Based on the analysis of price trends, RSI levels, and moving averages, a Hold rating is recommended for PENDLE, as the asset may require further confirmation of support and a potential reversal before considering a Buy.