- Pendle (PENDLE) rose more than 12%, with bulls retesting levels above $2.45.
- Gains coincide with a broader market rebound and technical indicators point to a potential breakout.
- PENDLE’s price could climb toward the psychological $6 mark — a zone buyers tested in August.
Pendle’s 12% rise over the past 24 hours allowed bulls to push the price above $2.54.
The move came as cryptocurrencies gained after a Monday uptick in risk assets.
When U.S. equities surged on November 24, 2025, Bitcoin followed with a recovery.
Bulls across Wall Street appear set for further gains during the shortened Thanksgiving trading week, as hopes for a December rate cut bolster optimism.
Tokens such as Kaspa also saw increases as a result of these market dynamics.
Why did the PENDLE token rise?
Pendle’s rally matches a wider rebound in decentralized finance tokens.
Aave, Ondo, Ethena and Jupiter were among the day’s top performers.
Meanwhile, gains that stabilized Bitcoin above $87,000 and Ethereum near $2,900 added bullish momentum.
The launch of several spot crypto ETFs has also brought fresh liquidity, and yield-focused protocols have been among the biggest beneficiaries in this environment.
Notably, Pendle’s price is rising amid excitement over the token’s inclusion in the Bloomberg Galaxy DEFI index.
That inclusion helps raise recognition of leading crypto assets on major TradFi platforms and benchmarks.
“This is another step toward bringing institutional attention to Pendle’s fixed-income markets,” the team said on X.
Since people couldn’t actually tell if this was real or not…
Link to actual PDF: https://t.co/IYSa8O8efz https://t.co/7FyqDtsYBp pic.twitter.com/FKmS6Pkd3q
— Pendle (@pendle_fi) November 25, 2025
On-chain activity shows growing interest.
According to DeFiLlama, Pendle generated more than $16 million in fees last quarter, up from $7.52 million in Q2 2025.
PENDLE price outlook: key pattern signals potential 100% gain
A look at the daily chart shows PENDLE forming a classic bullish reversal pattern.
A falling wedge suggests sellers are tiring while buyers accumulate, as the price corrected from just over $2.02 to above $2.54.
A move above $2.40 means that if bulls successfully retest and break past $3.00, it could set the stage for a steady advance toward $6.00.
Reaching those levels would represent more than a 100% increase from the breakout threshold.
On the daily chart the relative strength index (RSI) moved up from oversold territory to near 50.
Entering neutral ground with rising momentum and no immediate overbought risk gives buyers an edge.
Meanwhile, the moving average convergence divergence (MACD) shows a bullish cross.
The histogram has flipped positive, indicating strengthening buying pressure.
Pendle’s expansion into real-world yield tokenization and layer-2 integrations is a major long-term bullish catalyst.
For traders, however, any drop below $2.00 could threaten the current recovery.