PENDLE / TetherUS

Pendle consolidates with rsi contraction

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Pendle has been struggling to maintain the previous channel so I deleted those lines. The chart has respected fib levels very well on the weekly and daily. Price has been ranging between the .618 and .886 respectively. Volume is on an overall uptrend with contracting RSI. A move is coming. Gaming has taken the current hype away from RWA and defi plays. I think these boring times are good opportunities to stack up. The demand box is a fallback zone.We are approaching price discovery soon which will make it harder to chart Pendle. I am net bullish on the token and still have a 1 billion dollar market cap price target. However this is a bearish divergence here. We are looking to continue to consolidate for a bit.

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