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⭕️BEARISH MARKET: PENDLE COIN ANALYSIS

⭕️BEARISH MARKET: PENDLE COIN ANALYSIS

Day: 08 | Time: 11:18:27 The market has been very bearish in recent days and is experiencing another drop today as it enters the fear zone, with the global market down 3%. Bitcoin, the largest cryptocurrency, has fallen below the $56,000 mark, now trading at $55,580, while altcoins are seeing double-digit declines. Among these, the Pendle coin has attracted significant attention. Pendle is down 11% in the last 24 hours and 33% in the last seven days. This decline coincides with significant whale activity. A whale has transferred 1.1 million PENDLE ($3.8 million) in the last hour, likely to deposit them on Binance for sale, leaving 1 million PENDLE ($3.5 million) behind. This whale had previously acquired 3.44 million PENDLE from CEX and DEX between February 9 and April 27, 2023, at an average price of $0.32. For Pendle bulls, it is crucial to maintain momentum. The next significant milestone is at $56,000, with $58,000 also in sight if the upward trend continues.

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