Market Overview for Pendle/Bitcoin (PENDLEBTC) on 2025-12-13

Summary
• Price fluctuated between $2.394e-05 and $2.457e-05, with late session consolidation near key support.
• Volume spiked during afternoon and early evening hours, confirming bearish momentum.
• RSI showed overbought conditions early, followed by a pullback into neutral territory.
• Bollinger Bands tightened before late-breaking breakouts and a subsequent pullback.

Pendle/Bitcoin (PENDLEBTC) opened at $2.406e-05 on 2025-12-12 at 12:00 ET and traded as high as $2.457e-05 before closing at $2.399e-05 on 2025-12-13 at 12:00 ET. The pair reached a low of $2.394e-05 during the session, with total volume of 12,180.9 and turnover of 2.975 BTC.

Structure & Formations

Price found multiple support levels around $2.394e-05 and $2.399e-05, with bearish engulfing patterns visible during the late afternoon and early evening ET. A key resistance at $2.42e-05 failed to hold, resulting in a pullback that may signal short-term bearish continuation.

Moving Averages

Short-term 20/50-period moving averages on the 5-minute chart trended downward, reinforcing the bearish bias. Daily 50/100/200 moving averages are not directly visible from the dataset but appear to confirm a broader bearish trend, with price remaining below all key averages.

MACD & RSI

The MACD showed a bearish crossover in the late afternoon, confirming the sell-off. RSI moved from overbought territory early in the session to neutral levels by the close, indicating a potential exhaustion of the bearish momentum. However, the decline in volume in the final hours suggests a potential pullback could be near.

Bollinger Bands

Volatility contracted in the late evening, with price trading within a narrow range before breaking out toward $2.457e-05. This breakout was short-lived, followed by a sharp pullback into the lower band, suggesting price could continue to trade within a defined range in the near term.

Volume & Turnover

Volume surged during the afternoon and early evening hours, coinciding with the sharp decline in price. This confirms bearish momentum. However, volume waned in the final hours, indicating a lack of conviction behind the downward move and hinting at a potential short-term bounce.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from $2.394e-05 to $2.457e-05, price found support at the 61.8% retracement level near $2.41e-05 before continuing lower. On the daily chart, the 50% retracement level is near $2.397e-05, where price held firm in the final hours.

Looking ahead, a retest of key support near $2.394e-05 could trigger further bearish momentum, while a break above $2.42e-05 may signal a short-term bounce. Investors should monitor volume closely for confirmation of either scenario.

Price could remain range-bound in the next 24 hours, with increased volatility likely if a breakout attempt forms. As always, position sizing and risk management remain crucial amid uncertain volatility.