PENDLE +133.24% in 24 Hours Amid Sharp Volatility

On SEP 2 2025, PENDLE surged by 133.24% within 24 hours, reaching $5.164, following a prolonged period of bearish pressure. Despite the dramatic one-day increase, the broader trend remains significantly negative, with the token down 687.76% over seven days, 108.39% over a month, and 620.76% over the past year. The sudden jump suggests a possible short-term reversal or accumulation phase after a prolonged downtrend.

The recent price movement marks one of the largest daily gains for PENDLE in recent months, raising questions about the nature of the buying pressure. Analysts project that such a sharp intraday move could indicate either a strategic entry point by large holders or a coordinated pump-and-dump scenario, though no definitive evidence supports either. The broader 7-day and 30-day declines, however, underscore the deep bearish sentiment that remains intact despite the recent pop.

Technical indicators have diverged in recent sessions. While the short-term RSI has surged into overbought territory, the longer-term MACD has yet to reflect a corresponding bullish signal. This divergence points to potential exhaustion in the upward move, with bears likely to regain control in the near term. Traders are closely watching whether PENDLE can retest key psychological levels with conviction or if the rally will fizzle into another consolidation phase.

Backtest Hypothesis

A proposed trading strategy for PENDLE involves entering long positions on a breakout above a defined 50-period moving average, accompanied by a bullish RSI crossover above 50. The exit strategy is triggered either on a close below the moving average or when the RSI crosses back below 50, signaling potential overextension. Stop-loss is placed at a recent swing low, while take-profit is set at a projected Fibonacci extension level. This strategy is designed to capture short-term momentum while managing downside risk.