PENDLE Up 30.72% in 24 Hours Amid Technical Rebound

On SEP 3 2025, PENDLE rose by 30.72% within 24 hours to reach $5.163, PENDLE dropped by 148.67% within 7 days, dropped by 88.88% within 1 month, and dropped by 602.26% within 1 year.

The recent surge in PENDLE marks a sharp reversal from its extended decline, which saw the token fall by more than 88% in the previous 30 days and nearly 600% over the past year. While the daily increase is notable, the broader context remains one of significant underperformance relative to historical levels. The 30.72% rise appears to stem from a combination of market sentiment shifts and potential short-term trading activity, though no specific catalysts have been reported. Analysts have noted that such rebounds often follow extended bearish trends as traders look to capitalize on oversold conditions.

Technical indicators suggest a mixed outlook. The RSI, which had been in oversold territory for several days, has begun to show signs of recovering momentum. However, the 50-day and 200-day moving averages remain firmly bearish, with PENDLE trading well below both. This divergence between short-term and long-term indicators points to a potential period of consolidation, with the market testing key support and resistance levels. A sustained move above $5.50 could signal a broader reversal, while a failure to hold above $4.80 may indicate that the downtrend is resuming.

Backtest Hypothesis

A backtesting strategy was designed to evaluate a potential trading approach based on the recent volatility and diverging technical indicators. The strategy incorporates a dual-signal entry system using RSI and a 50-day moving average crossover. It triggers a long position when RSI falls below 30 (oversold) and the price crosses above the 50-day moving average. A stop-loss is set at the 200-day moving average, while a take-profit target is placed at 1.5 times the entry price. The backtest aims to determine whether such a setup could have captured the recent rebound while mitigating exposure during the preceding downtrend. The performance of this strategy will be assessed using historical PENDLE data from the past 12 months, with results focusing on win rate, average gain per trade, and maximum drawdown.