PENDLE surged 17.71% to $1.47 as trading volume climbed 108.05% to $76.11 million, according to reports from AMBCrypto. The sharp price increase was accompanied by significant short liquidation activity, with $110.99K in short positions wiped out compared to only $38.73K in longs. This disparity indicated that bearish traders had been forced out as price advanced, adding buying pressure through forced closures. The liquidation figures showed a clear imbalance that had favored bullish continuation, with the dominance of short liquidations reflecting a clear shift in control toward buyers during this phase. As shorts exited, their positions effectively fueled the rally instead of limiting it, though liquidation-driven moves tend to lose strength once forced exits decline.
As reported by AMBCrypto, PENDLE formed consistent higher lows above $0.983 while trading above the previously broken descending channel, reflecting a shift away from prolonged bearish structure. Price no longer respected the channel boundaries, indicating that prior downside control had weakened as buyers regained footing. However, price continued to compress beneath the $1.681 resistance, showing that supply remained active at higher levels. The DMI reinforced this structure, with ADX rising to 27.66 while +DI at 24.44 held dominance over -DI at 9.73, confirming strengthening directional pressure. Buyers stepped in at progressively higher zones, limiting pullbacks and tightening the range, though rapid demand expansion often introduces short-term instability, especially near key resistance zones.
According to AMBCrypto, spot netflows printed a $182.66K inflow, signaling that a portion of tokens had moved onto exchanges during the current session. This shift indicated that some holders had positioned themselves to sell into strength as price approached resistance. Exchange inflows typically introduce supply, which can slow upward movement even during strong rallies. However, the relatively modest size of this inflow suggested that selling pressure had remained limited. If inflows increase, they could challenge the current structure and restrict further upside, while stable inflow levels would allow demand to absorb supply more effectively, supporting continued price compression beneath resistance.
As reported by AMBCrypto, if buyers sustain the current structure, a move above $1.681 could extend toward $2.350. However, failure to maintain higher lows would weaken the structure and expose a retest toward $0.983. The analysis suggests that rapid demand expansion often introduces short-term instability, especially near key resistance zones, and that price approached a critical level where continuation or rejection would likely shape the next move. The rally gained structural backing with increased participation rather than relying on thin order books, showing that buyers had entered with conviction rather than isolated spikes in liquidity. On the other hand, stable inflow levels would allow demand to absorb supply more effectively, supporting continued price compression beneath resistance.
