{"id":579230,"date":"2024-09-23T13:56:01","date_gmt":"2024-09-23T13:56:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=579230"},"modified":"2024-09-23T13:56:01","modified_gmt":"2024-09-23T13:56:01","slug":"pendle-price-prediction-pendle-plunges-6-after-arthur-hayes-sale-as-traders-rush-to-buy-this-ico-before-it-lists","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pendle-price-prediction-pendle-plunges-6-after-arthur-hayes-sale-as-traders-rush-to-buy-this-ico-before-it-lists","title":{"rendered":"Pendle Price Prediction: PENDLE Plunges 6% After Arthur Hayes Sale As Traders Rush To Buy This ICO Before It Lists"},"content":{"rendered":"

The Pendle price plunged 6% in the last 24 hours <\/span>to trade at $3.96<\/span><\/a> as of 03:23 a.m. EST on trading volume that tumbled 38% to $292 million.<\/span><\/p>\n

This comes after former BitMex CEO Arthur Hayes sold 1.59 million $PENDLE. The <\/span>PENDLE price spiked 24% after the sale, leaving Hayes with a loss of $1.29 million before the subsequent decline.<\/span><\/p>\n

Pendle Price Could Continue Soaring<\/h2>\n

The surge may be as a result of the bulls capitalizing on the inverse head and shoulder pattern, soaring from the neckline at $3.52, according to data from GeckoTerminal.<\/span><\/p>\n

The uptrend pushed the Pendle price above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish stance.<\/span><\/p>\n

If the bulls continue to capitalize on the inverse head-and-shoulder pattern, the Pendle price could soar even further. The bulls are eyeing the $4.62 resistance, a 17% increase from the current price.<\/span><\/p>\n

\"Pendle
Pendle Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Conversely, the Relative Strength Index (RSI) is trading downwards from the 70-overbought region, currently at 58, showing that the bears may be gaining some control of the price.<\/span><\/p>\n

If this pressure from the bulls increases, the price of Pendle may plunge further, with the right shoulder acting as the immediate support zone at $3.19.<\/span><\/p>\n

Meanwhile, investors are moving in large numbers to secure the new Solana GambleFi Project <\/span>Mega Dice (DICE)<\/span><\/a>, which has only 6 days left until its presale ends.<\/span><\/p>\n

\n

$DICE<\/a> Launch on Raydium 🚀<\/p>\n

We’re excited to share that $DICE<\/a> will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉<\/p>\n

Get ready for the next big step in #GameFi<\/a> on #Solana<\/a> as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com\/qvAND54tbk<\/a><\/p>\n

— Mega Dice Casino (@megadice) September 20, 2024<\/a><\/p><\/blockquote>\n