Pendle (PENDLE) is carving out a critical battle zone around $1.80 as market participants weigh competing signals from price action and derivatives activity. After a striking run in the past year, the token has settled into a lower range. Recent price action has been marked by heavy selling pressure alongside intermittent rallies, raising questions about whether steady futures open interest near $31 million could help support a bullish recovery. Pendle price holds near $1.80 Since topping out at about $6 in late 2025, Pendle has faced persistent downward pressure and failed to sustain gains above $3.00 once that level was breached. More recently, price has tested resistance around $2.
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