- Pendle (PENDLE) has risen by over 12%, allowing bulls to retest levels above $2.45.
- The gains come amid a broader market upswing, and technical indicators point toward a potential breakout.
- The PENDLE price could climb toward the psychological resistance at $6, a zone buyers tested in August.
Pendle’s 12% rally over the past 24 hours pushed bulls above $2.54.
This advance coincided with broader risk-on gains across crypto markets following a Monday upswing.
After US stocks posted strong gains on November 24, 2025, Bitcoin followed with a recovery.
Wall Street bulls are also seeking further upside during the holiday-shortened trading week, with hopes of a December rate cut fueling optimism.
Other tokens such as Kaspa have also bounced amid these tailwinds.
Why has the PENDLE token improved?
Pendle’s rise accompanies a wider rebound for decentralized finance tokens.
Aave, Ondo, Ethena and Jupiter are among the day’s top winners.
At the same time, gains that have steadied Bitcoin above $87,000 and left Ethereum trading near $2,900 have put buyers in control.
The launch of several spot crypto ETFs has drawn fresh liquidity, and yield-focused protocols are among the top performers in this environment.
Notably, Pendle’s price has benefited from increased attention after the PENDLE token was added to the Bloomberg Galaxy DEFI Index.
The inclusion contributes to broader recognition of leading crypto assets on major TradFi platforms and benchmarks.
“Another step toward drawing institutional attention to Pendle’s fixed-yield markets,” the team wrote 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 metrics also point to growing interest.
According to DeFiLlama, Pendle generated over $16 million in fees in the last quarter, more than double the $7.52 million recorded in Q2 2025.
PENDLE price outlook: A key pattern points to a 100% rally
Looking at the daily chart, PENDLE is forming a classic bullish reversal pattern.
The falling wedge suggests seller exhaustion and buyer accumulation as the price corrected from just above $2.02 to over $2.54.
That move above $2.40 implies that, with a successful retest and a breakout past $3.00, a steady run toward $6 could be possible.
Hitting those levels would represent a price rally of more than 100% from the key level.
On the daily chart, the Relative Strength Index (RSI) has climbed from oversold territory to near 50.
Entering neutral territory with upward momentum and no immediate overbought risk gives buyers the edge.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover.
The histogram has turned positive, indicating rising buying pressure.
Pendle’s expansion into real-world yield tokenization and Layer-2 integrations is a meaningful long-term bullish catalyst.
However, for traders, a drop below $2.00 could jeopardize the recent recovery.