Pendle breaks inverse head-and-shoulders pattern as accumulation continues
Pendle (PENDLE)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Pendle has rallied 73% over the past 180 days and is up 12% year-to-date. The asset recently exited the right shoulder of an inverse head-and-shoulders pattern by overcoming the neckline resistance at $1.91. Technical analysis suggests a potential rally equal to the depth of the decline, though a conservative target sits at $2.38, representing a 12% gain from press time.
The Accumulation/Distribution indicator shows a volume-weighted reading of 57 million PENDLE trending upward, confirming ongoing accumulation. Traders are watching the 58 million level, as a failure to breach this figure previously led to a sharp price decline. On the momentum side, the MACD is trading higher in the positive zone with the blue line at 0.141 and the signal line at 0.109.
Market sentiment is reading 3.71 on a scale between -10 and 10, indicating a mildly bullish stance. Investors continue to accumulate as momentum strengthens, potentially forming a new yearly high.
How the market reacted
Whalio's own Binance spot order flow for PENDLE, measured when this story was written up on 7 September 2026. Not the outlet's figures.
At $2.11, Pendle is trading above the $1.91 neckline mentioned in the report. Buy ratios are strong in the short term, with 65.6% for the 1-hour window and 64.6% for the 4-hour window, compared to a lower 47.9% over the last 24 hours. This indicates that buying pressure is building in the immediate term after a more balanced day. Positive volume deltas of $166,538 and $274,253 for the 1-hour and 4-hour periods show net buying flow, contrasting with the negative $322,979 delta over the full day. The Cumulative Volume Delta closed at +$54,059, confirming that buyers dominated the final hours of trading.
The latest daily buy ratio of 49.1% sits at the 43rd percentile of the last 324 days, against a median of 49.6% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for PENDLE, averaged over the days leading up to the story.
Over the preceding week, Pendle saw a 22.7% price increase and seven consecutive days of net buying. The current 24-hour buy ratio of 47.9% is 4.0 percentage points below the 7-day average of 51.9%, suggesting a temporary cooling of buying intensity relative to the weekly trend. However, spot volume of $7,558,389 is 2.08 times the weekly average, indicating significantly higher activity than usual. This volume surge accompanies a total 8-day volume delta of +$644,311, showing sustained accumulation despite the slightly lower buy ratio today.