#PENDLE The stock price of Pendle quickly rose from a low of $1.82 in August, pumping 127%, and is currently trading at $4.15. Despite the sharp rise, the price has fallen by 15% in the past three days, leading to three consecutive bearish candles, indicating a certain selling pressure in the recent market. The downward trend has now fallen below the 50-day moving average and is testing the local support trend line of the rising wedge pattern, which may indicate downward pressure on the stock price in the short term.

The recent negative cycle has strengthened, putting pressure on the convergence of 50% Fibonacci level at $3.91, 200-day moving average, support trend line, and the psychological barrier of $4. These levels may become short-term key support levels for the Pendle stock price.
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