Pendle breaks support range as Whalio data shows mixed buying pressure
Pendle (PENDLE)
Editor:
Eugene Serbin
Blockchainmedia.id reports that Pendle (PENDLE) has reclaimed the critical $2 support level, forming a rounded bottom structure after a period of consolidation. The token reached approximately $2.41 on the one-hour timeframe, prompting analyst LSTRADER to project a 30 percent short-term rise toward the $2.55–$2.65 zone. Immediate resistance sits near $2.49, while new support has emerged around $2.20.
A successful break above $2.50–$2.60 could open pathways to $3–$3.30, with further targets extending to $4.50–$4.80 and eventually $5.80–$6. However, losing the $2 level decisively would undermine the bullish thesis. Other altcoins also showed activity, with Pons rising 16 percent and Astar breaking out of a falling wedge.
Avalanche held its macro floor between $6 and $10, while Uniswap approached a major descending trendline from its 2021 peak. Analyst Ray suggested Uniswap is nearing a parabolic phase, pending confirmation of the trendline breakout.
How the market reacted
Whalio's own Binance spot order flow for PENDLE, measured when this story was written up on 16 September 2026. Not the outlet's figures.
Whalio spot data for Pendle shows a price of $2.26, sitting near the newly identified support level. The 1-hour buy ratio stands at 53.2%, indicating immediate buying interest, but this fades to 45.4% over the 4-hour window, suggesting shorter-term momentum is weaker than recent inflows. The 24-hour buy ratio of 47.6% remains below parity, confirming that sellers have dominated the day overall. This is reflected in the negative volume deltas: -$7,185 in the last hour and -$45,319 over four hours. Cumulatively, the 24-hour volume delta is -$308,562, with a CVD close of -$275,726, showing that net selling pressure has outweighed buying throughout the day. Despite this, spot volume reached $6,748,185 across 75,035 trades, indicating active participation even amidst net outflows.
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.
Compared to the preceding week, today’s 24-hour buy ratio of 47.6% is slightly lower than the 7-day average of 49.1%, a drop of 1.5 percentage points. However, trading activity has intensified, with spot volume reaching 1.44 times the weekly average. While the coin saw a 6.1% price increase over eight days, the total volume delta for that period was -$710,942, showing that price gains occurred despite net selling pressure. Today’s volume spike suggests heightened attention, but the negative delta aligns with the weekly trend of distribution during the rally. Only one day out of the last seven saw net buying, making this a continuation of a generally seller-dominated week.