TradeCityPro | PENDLE: Near Breakout From Descending TrendlinePENDLE / TetherUSBINANCE:PENDLEUSDTtradecitypro👋 Welcome to TradeCity Pro! In this analysis, I want to review the PENDLE coin for you — one of the projects in the Ethereum ecosystem, currently ranked 93rd on CoinMarketCap with a market cap of $858.76 million. 📅 Daily Timeframe On the daily timeframe, this coin has formed two trendlines. The main trendline is the long-term ascending trendline that the price has respected for a long time, while the second is a continuation descending trendline — if broken, the previous bullish move can resume. ✨ Since the overall trend is bullish, the continuation trendline is currently more important for us, because breaking it would confirm the continuation of the uptrend. 🔍 This trendline formed after the price reached the 5.732 level and made a fake breakout. 📊 The breakout trigger for this trendline is currently at 5.344. Breaking this level can provide an opportunity to open a long position on PENDLE. 🛒 For spot purchases, this same 5.344 trigger can be used, but the 5.732 level would be a much safer confirmation for a spot entry. ✅ The main confirmation of bullish continuation in higher cycles will come after breaking 6.857. 🎲 It’s important to note that any bullish breakout must be accompanied by an increase in volume, otherwise the move could easily turn out to be fake. ⚡️ If the ascending trendline breaks, the trigger for this breakdown is at 4.431. Breaking this level is not an ideal short trigger, but if the price stabilizes below it, you can consider activating your stop-loss in case you’ve already bought the coin in spot. 🧩 The next support levels in case of further decline are 3.741 and 3.017.The momentum trigger on the RSI is at 39.16. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️