The recovery of Pendle's stock price faces challenges from whale headwinds, and the question remains whether $5 of support will hold.

Quick Summary:

Pendle, a decentralized finance (DeFi) protocol, showcased notable resilience to the recent market sell-off, with its coin price rebounding from $4.9 support.

This positive upswing recorded 42% growth within three days and pushed the asset value to $6.97.

This transaction came after a year of dormancy and is significant in value at approximately $2.68 million.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Price Analysis Pendle

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-15 @ 23:23:25 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20692549

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 65 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 49 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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