PENDLE Latest Updates: Technical Aspect: The short-term EMA indicator is bullish, but the MACD shows weakening momentum, so caution is warranted. Community Opinion: The overall community sentiment is bullish, expecting the price to continue rebounding and supported by accumulated interest. Noteworthy is the technical rebound: PENDLE's short-term EMA indicator shows upward momentum, with EMA7 recently rising above EMA99, and the price trading above the middle band of the Bollinger Bands, indicating potential for continued gains. However, caution is also needed for bearish MACD signals: The MACD line has recently crossed below the signal line, and the MACD histogram is showing negative values and continues to decline, indicating that bullish momentum is weakening, and the price may experience a pullback after rising.

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$PENDLE Tracking Share of Major Players/Institutions

Recently, based on data from the aice100 platform, I have compiled some statistics and organized the current market structure and sentiment direction for your reference:

📌 Direction: Bearish

📌 Suggestion: Watch or cautiously short

📌 Risk Control: High risk

Below is my personal logical breakdown, which may not be entirely accurate and is meant for exchange and sharing purposes:

🐋 **Smart Money Whales Overwhelmingly Bearish**: The number of bearish whales (221) is nearly 3 times that of bullish whales (77), and the total position value of bearish whales (6.95M) is nearly double that of bullish whales (3.60M). This indicates that large professional funds are concentrating their bets on price declines, direction...

The above are some of my personal views on the current $PENDLE , and you are welcome to add your thoughts.

#PENDLE