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The Pendle price pumped 26% in the last 24 hours to trade at $5.17 as of 4.50 a.m. EST on trading volume that surged 476% to $392 million.
The current surge has pushed PENDLE to the top of CoinMarketCap’s top gainers. With the asset now up 49% in the last month, can the bulls sustain this uptrend, or is it due for a correction?
Pendle Price Poised For A Bullish Rally If It Crosses This Resistance
The PENDLE price entered a correction in June, falling from the $4.63 resistance level. However, the bulls found support at the $3.3 level, which allowed the price rally.
After hitting the $5.03 level (0.786 Fib level), the Pendle price went on another healthy correction to the $3.68 support zone, which allowed PENDLE to rally to the current price, just below the $5.40 resistance level, as GeckoTerminal data shows.
As a result of the parabolic surge, the price of PENDLE now trades well above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour timeframe, which confirms the upward price movement.
Meanwhile, the Relative Strength Index (RSI) seems to be folding down after reaching the overbought zone at 80, which may suggest that sellers are becoming exhausted.
If PENDLE/USDT can hold above the $5.03–$5.05 breakout zone, the next immediate upside target sits near $5.40, followed by the 1.618 extension at $6.46.
However, with the RSI deep in overbought territory, traders should be prepared for a possible pullback toward the $4.75–$4.90 range, which would serve as a healthy retest for the price of PENDLE before another push higher.
Meanwhile, investors are piling into a new BTC-themed crypto called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 1,000X after launch.
Bitcoin Hyper Token Presale Racing Towards $8 Million – Next 1,000X Crypto?
Bitcoin Hyper aims to become BTC’s first full-fledged layer-2 (L2) execution network, built from the ground up to surpass the Bitcoin blockchain’s performance limits.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
The project also functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Investors are betting big on the idea, with the total ICO funds raised at $7.72 million. Whales are scooping HYPER tokens as well, including this $100,221 purchase.
Additionally, if you buy and stake now, you could unlock a 138% APY. However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.012575 each using crypto or a bank card.
Buy before the next price increase in about 26 hours.
Visit the Bitcoin Hyper website.
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