PENDLE +240.65% in 24 Hours Amid Strong Short-Term Gains

On SEP 8 2025, PENDLE experienced a dramatic price increase of 240.65% within a 24-hour period, reaching $0.00004389. The token also saw a 108.18% rise over the past seven days and 86.83% over the last month, despite a 1742.56% drop in value over the previous year. The recent upward movement has sparked renewed interest among traders and investors, with many attributing the move to potential on-chain activity and community-driven sentiment shifts.

Technical indicators have shown a recent positive divergence in momentum, suggesting a possible continuation of the upward trend in the near term. Analysts project that PENDLE could remain in a consolidation phase if key resistance levels are not broken, but the current price action appears to contradict bearish expectations. A series of on-chain metrics, including inflows to hot wallets and increased transaction volume, have aligned with the recent price surge, offering further confirmation of short-term bullish momentum.

Backtest Hypothesis

A proposed backtesting strategy involves using a combination of technical indicators, including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and a 50-period moving average crossover. The strategy assumes that PENDLE is more likely to continue its upward trajectory if RSI shows a bullish divergence while the MACD line crosses above the signal line. Additionally, the price must remain above the 50-period moving average to confirm the trend. The backtest would evaluate the strategy's effectiveness using historical price data, focusing on PENDLE's performance over the past 30 days. If these conditions are met, the model suggests a potential for further upward movement, although it also includes stop-loss parameters to manage risk in the event of a reversal. This strategy is designed to capture short-term volatility while minimizing exposure to long-term bearish trends.