Pendle Price Prediction 2024-2030

The crypto market is currently having a roller coaster ride with both BTC and many altcoins alike testing new highs.

As alts surge to various all-time highs not seen since 2022, it’s quite reasonable to expect new price predictions for the next few months, including forecasts for Pendle price prediction, and to speculate on their implications in the coming years.

Pendle maintains decent market traction within this newly found crypto market bull run, as BTC breaks its previous high of June, 2022. During this period, Pendle price crosses major rejection lines, and begins a new cycle of fresh gains, a trajectory in which future price actions look quite positive.

Generally speaking, PENDLE is predicted to be in a positive trend in the future and it may be a good investment choice. This price prediction places PENDLE’s price at the following levels in the following years:

Pendle is currently changing hands at $3.334.  This price level was attained after plunging by around 0.25% within the last hour. In the 24H timeframe, however, there’s been more than a 5% decrease in the price of Pendle. 

The intraday price change for Pendle has been largely negative and the investor sentiments are fast adjusting to these short-term price swings. Although the price looks bearish in the short term, the longer outlook towards midweek looks quite bullish. 

Pendle price keeps modulating between a close range of $3.37 (the highest) and $3.26 (the lowest) since the past 24 hours. A breakout from this region will be a strong determinant factor in determining future price sentiments. For now, nothing is certain. 

Recently, we also covered another token – Arbitrum token price prediction – give it a read!

The maximum lock duration for PENDLE tokens  is 2 years. Each wallet holding any locked amount of PENDLE tokens is linked to a single unlock date. In order to extend the lock duration or sum up more PENDLE to your lock tokens, the previously determined unlock date will be altered for your entire vePENDLE balance.

Currently trading at $3.334, Pendle’s price is swinging within a rectangular pattern exhibiting a quite clear price action. A major support level has formed at the intraday low of $3.2, while a corresponding resistance slowly forms at the $3.6 level. 

In the event that Pendle’s price breaks below the major support at $3.2, this would create a ripple effect by which the price may fall a bit lower. The next level of major support lies at the $2.89 level, where price has previously bounced multiple times. 

In the likelihood that Pendle’s price breaks above the rectangular pattern’s top, the next level of major resistance lies at the all-time high price of $3.8. Pendle may be on track to touching new highs in the midterm. 

We also covered Ecomi and its price prediction recently, check it out!

PENDLE began the year at a price around $1.19. The less popular cryptocurrency moved swiftly to break major resistances, thereby surpassing the $3.6 mark towards the ending of Q1 2024. Immediately after the breakthrough however, the price fell slightly to record lower prices.

By the beginning of Q2, the price is expected to rise above the critical resistance level at $3.6, but the bulls would have to make a large impact on the markets to do so. The $3.6 mark resistance, if broken, will support the price of PENDLE to around $4.5 by mid Q2. 

Into Q4 of 2024, PENDLE prices will rise steadily into the $5 level and by November, the coin should be trading at $6 if the bull market remains intact. Although a little price retracement is expected, this could only pull the prices back a bit towards the $3.6 area. As of now, PENDLE is changing hands at $3.32.

By 2025, PENDLE might be seen as a significant rival striving with other middle-class crypto for a better spot on the rankings.

The PENDLE infrastructure boasts a slightly advanced technology that gives improved transaction speed, but the likes of LINK have been around for the long run and they are more stable. We may expect PENDLE tokens to be worth between $10 to $12 by ending of year 2025. 

By 2026, PENDLE has spent almost 5 years on the scene. This is the estimated age Bitcoin began to enjoy the chaotic growth to fame, finally reaching $20,000 by November of 2017.

Although it differs in the case of PENDLE, there is no confirmation that PENDLE will reproduce Bitcoin’s result. However, we may indicate PENDLE might at least reach $50. 

While the 2026 price outlook seems very conservative, a prolonged bull market may see our price expectations doubled by the end of 2027. PENDLE may be swinging between $50 and $100 by this time in the future. 

In 2028, however, the crypto markets may begin to breathe a little out of exhaustion from the prolonged bull markets. A little price retracement may set in for us to see PENDLE hovering around $45. 

Looking into the PENDLE price prediction for 2029, this will depend entirely on the market movement of the previous year. If the crypto market sets a new bottom in 2028, then the only way possible for cryptocurrencies to move in 2029 is up. We expect a fresh bullish move that may see PENDLE racing towards $100 again. 

The technical indications of price movement for PENDLE is a very good long-term (1-year) investment between 2029 and 2030. PENDLE  price can go up as high as $200 within the year. The long-term earning potential is around 800% from its present price level. 

Pendle is a protocol that enables the tokenization and trading of future yield. The cryptocurrency, Pendle, has a market cap of $782M with a max supply of 258.446M. It maintains a market dominance of around 0.03% with 24H exchange volumes hovering around $48.7M. 

Pendle has a novel AMM that supports assets with time decay, essentially giving users more control over future yield by providing optionality and opportunities for its utilization.

Here are a few key points about Pendle:

– Pendle boasts a total coin supply of 258 million, and it was launched in May 2021. Despite experiencing an initial dip, it has demonstrated substantial gains over time.

– The protocol offers crosschain compatibility, enabling seamless operations on Ethereum, Arbitrum, Binance Smart Chain (B&B), and Optimism. This compatibility enhances its versatility and accessibility.

– Pendle enables users to divide yield-bearing assets to optimize control, offering a range of yield options to suit different needs and preferences. This feature empowers users to maximize their control over their assets.