Pendle Price Prediction: PENDLE Is The Top Loser With 20% Dump As Traders Rush To Buy This AI Meme Coin Before A Price Hike

The Pendle worth plunged 20% within the final 24 hours to commerce at $4.52 as of 02:30 a.m. EST on buying and selling quantity that soared 277% to $212 million.

The PENDLE worth fell probably the most among the many largest 100 cryptos by market capitalization at the same time as the general crypto market cap rose a fraction to $2.33 trillion and as Bitcoin climbed 1%.

Pendle Value Set To Soar Over The Falling Wedge Sample

Since mid-March, the Pendle worth has been on an upward development, with a mark up section to push the worth to a brand new all-time excessive (ARH) of $7.50. The PENDLE worth has not been in a position to reclaim this degree, with the worth dropping throughout the falling wedge sample.

The present development is, nonetheless, bearish, with the worth dropping beneath the decrease boundary of the falling wedge.

PENDLE can also be buying and selling beneath each the 50-day and 200-day Easy Shifting Averages (SMAs), coinciding with the downtrend beneath the wedge.

The Relative Power Index (RSI) can also be trending downward beneath the 30-oversold degree, presently at 20. With the RSI beneath the 30-oversold area, it signifies that PENDLE is presently below intense promoting stress.

Pendle Value Prediction

The Pendle worth evaluation exhibits that PENDLE is presently on a bearish development, with the worth buying and selling downward throughout the falling wedge sample, and breaching the $5.00 help degree.

The foremost indicators, together with the RSI and the worth buying and selling beneath the SMAs, are a sign that PENDLE is transferring on a downtrend. Moreover, the 50-day SMA is crossing barely above the 200-day SMA, which is forming a loss of life cross at $5.861. A loss of life cross may immediate an extra development downwards to the following help round $4.0.

Nevertheless, the RSI already crossing beneath the oversold degree may immediate the bull to provoke a buyback, which may finally push the worth. The falling wedge sample additionally may help the uptrend at this degree, because the bulls goal $7.00.

In the meantime, because the Pendle worth bulls gear up for a development reversal, many buyers are piling into new presale $WAI, which has already raised $647k.

New AI Meme Coin WienerAI Raises Nearly $650K

WienerAI (WAI) has been grabbing consideration within the crypto market. Its surge in reputation will be attributed to its intelligent integration of two purple scorching niches within the crypto sphere: meme cash and AI tokens.

Tail-Wagging Success

Wiener AI Raises Over $500,000 in Funding! 🌭🚀 pic.twitter.com/7aB1wXg5PZ

— WienerAI (@WienerDogAI) April 29, 2024

The undertaking merges synthetic intelligence with a dachshund, whereas including a playful nod to scrumptious sausages because it goals to emulate and surpass the success of different prime dog-themed meme cash like Dogecoin or Shiba Inu.

WienerAI IS CLEARED FOR LIFTOFF!

Get Presale Right here: https://t.co/g0LrikQz90 pic.twitter.com/fy7xF5DtKP

— WienerAI (@WienerDogAI) April 22, 2024

Traders can even stake $WAI for a powerful 1,340% annual proportion yield (APY). The event crew has put aside 20% of the 69 billion token provide for staking rewards.

In accordance with 99Bitcoins, a preferred YouTube channel with greater than 700,000 subscribers, WienerAI has the potential to surge 100X after launch.

To take part within the presale, you should purchase $WAI tokens on the official web site right here for $0.000702 every.

Act quickly in case you are earlier than a worth hike in lower than 24 hours. You should use ETH, USDT, or your financial institution card to make the acquisition.

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