$PENDLE

【PENDLE Market Dynamics | 2025.12.06】

Key Points

1️⃣ Active Accumulation On-Chain: Several well-known whales concentrated their purchases of approximately 3.2-3.6 million PENDLE on December 6, as part of their altcoin strategy, showing confidence in the DeFi sector and potential “altcoin season.”

2️⃣ Strong Ecological Fundamentals: The yield tokenization protocol has settled a total of 69.8 billion USD, with a TVL of 5.07 billion USD; it has been included in the Bloomberg Galaxy DeFi Index, increasing institutional adoption.

3️⃣ Short-term Technical Weakness: The price has dropped about 2.7% in the last 24 hours, currently reported at 2.413 USD, still below key moving averages, with an overall weak trend.

Key Observations

· Low Volatility and Trading Volume: The ATR and STDEV indicators show low volatility, with significantly reduced trading volume, indicating insufficient market activity, which may amplify the impact of large single orders.

· Technical Structure Under Pressure: The 4-hour chart shows a bearish structure breakout, with major resistance at 2.52-2.53 USD; if it cannot recover, the downside target may point to 2.00-2.07 USD.

Major Risks

· Bearish Alignment of Moving Averages; the price has not escaped the downward channel.

· In a low liquidity environment, prices are susceptible to large buy and sell shocks.

Market Sentiment

· Generally Optimistic: The community is focused on whale accumulation and long-term prospects, maintaining confidence in the expectations for an “altcoin season.”

Note: PENDLE's fundamentals and institutional recognition are solid, but in the short term, it is constrained by market liquidity and technical structure. Attention can be paid to whale movements and overall signals of a warming sentiment in the DeFi sector.