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Home»Altcoins»Will Bitcoin -supported Stablecoin Susda Pendle bring to $ 7?
Altcoins

Will Bitcoin -supported Stablecoin Susda Pendle bring to $ 7?

2025-01-26No Comments3 Mins Read
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  • Pendle integrates Susda from Avalon Finance, which improves the ecosystem and the potential demand for tokens is stimulated.
  • Technical support at $ 3.50 and $ 3.62 can clear the road for a breakthrough from 93% to $ 7 resistance.

Pendulum Finance [PENDLE] has announced The launch of a new bitcoin [BTC]-Backed Stablecoin, Susda, who expires in April 2025, to his ecosystem.

This Stablecoin, developed by Avalon Finance, is now available for trade on the Pendle platform.

The integration represents an extension of the range of Pendle, aimed at increasing liquidity and user involvement.

This announcement has attracted attention because it could possibly stimulate the demand for Pendle’s platform and native token.

With a circulating range of 160 million Shuttle And a market capitalization of $ 595.6 million, the adoption of token is closely linked to the growth of its ecosystem.

Pendle: Potential outbreak here?

The price of Pendle was traded on $ 3.59 At the time of the pressWith a rising trend line in the long term that offers strong technical support at the time of writing.

The price consolidated around this trend line at $ 3.62, an area that has been historically served as a basis for upward movements.

Ambcryptos assessment identified $ 3.50 as an important horizontal support level that, if maintained, could lead to recovery.

Source: Commercial reproduction

The resistance levels for Pendle were at $ 5.50 and $ 7.00, with the latter being a critical zone for a possible outbreak.

A breakthrough above $ 7.00 could free the road for a substantial price increase, which means an increase of 93% compared to the current level.

The market sentiment shows mixed signals

The daily graph of Pendle reflected a bearish short-term trend, whereby the price was under the 13-day EMA ($ 3.84) and the 49-day EMA ($ 4.56).

See also  Tether records $ 13 billion profit for 2024, encouraged by all time Highs in Bitcoin and US Treasury Holdings

These Bearish prospects are reinforced because the EMAs go down, which indicates persistent sales pressure.

Source: Commercial reproduction

The Relative Strength Index (RSI) was 37.13 and approached the oversold level, which the potential demonstrated for a consolidation phase or a reversal.

The financing rates remained positive at 0.0068, indicating that lung positions paid short positions. However, the predicted financing interest of 0.0049 suggested reduced optimism among traders.

If the price cannot hold the current support, a decrease to the psychological level of $ 3.00 is possible.

Source: Coinalysis

This reflects moderate activity

According to In the block According to data, the open interest to Market Cap ratio of Pendle is stabilized around the 30-day average of 40.87%.

This benchmark previously reached a peak of 62.03% on January 17, 2025, which indicates a high lever activity in that period.


Read those of Pendle [PENDLE] Price forecast 2025–2026


The lowest level of 24.55%, observed on December 26, 2024, reflected a reduced market involvement.

Source: Intotheblock

Now that the current ratios are showing moderate leverage, the market is waiting for a clearer trend. If Pendle maintains the support levels and the trade volume increases, an outbreak to $ 7.00 can become more likely in the coming weeks.

Next: Identification of the impact of Bitcoin’s long -term owners who dominate the market

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Bitcoin bring Pendle Stablecoin supported Susda
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