Market Overview: Pendle/Bitcoin (PENDLEBTC) 24-Hour Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 7:47 pm ET1min read
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- PENDLEBTC consolidates near 2.215e-05 after failed bullish breakout, with bearish engulfing pattern confirming intraday reversal.

- Volume spikes at 18:45 ET validate failed rally, but subsequent bearish moves lack follow-through conviction.

- RSI near 50 and tight Bollinger Bands signal neutral momentum, with potential volatility expansion above 2.234e-05 or below 2.204e-05.

- Price hovers near 61.8% Fibonacci retracement at 2.213e-05, suggesting potential support ahead of possible 24-hour test.

Summary
• PENDLEBTC consolidates near 2.215e-05 after a failed bullish breakout.
• Volume spikes confirm intraday bearish reversal but lack follow-through.
• RSI near 50 suggests neutral momentum amid tight Bollinger Band contraction.

The Pendle/Bitcoin (PENDLEBTC) pair opened at 2.21e-05, reached a high of 2.231e-05, and a low of 2.201e-05, closing at 2.215e-05 at 12:00 ET. Total volume was 4,412.6, and notional turnover was 0.0975 BTC over 24 hours.

Structure & Formations


Price tested a key resistance at 2.231e-05 but failed to hold, forming a bearish engulfing pattern near 18:45 ET. A tight consolidation phase followed, with 2.215e-05 acting as a short-term support.

Moving Averages


On the 5-minute chart, the 20 and 50 SMA have converged near 2.22e-05, aligning with the mid-range of the day’s trading. The daily timeframe shows the 50 SMA above the 200 SMA, but price remains below both, suggesting continued bearish bias.

MACD & RSI


The MACD line crossed below the signal line in the afternoon, signaling bearish momentum. RSI remained in the neutral zone (45–55), with no clear overbought or oversold signals emerging.

Bollinger Bands


Volatility has contracted significantly, with price tightly clustered near the mid-band. A breakout above 2.234e-05 or below 2.204e-05 may trigger an expansion in volatility.

Volume & Turnover


A sharp increase in volume occurred at 18:45 ET, confirming a failed rally. However, subsequent bearish moves lacked follow-through volume, suggesting limited conviction in the short-term downtrend.

Fibonacci Retracements


Key retracement levels from the day’s high to low align with 2.224e-05 (38.2%) and 2.213e-05 (61.8%), with price currently hovering near the 61.8% level, hinting at potential support.

Price may test the 2.215e-05 support level in the next 24 hours, with a potential pullback or consolidation expected unless a breakout occurs. Investors should remain cautious of low-volume false breakouts and prepare for increased volatility if the range is decisively broken.