PENDLE rallied 12.47% to around $1.49, with trading volume jumping 121.41% to $53.13 million. A whale transferred $1.28 million worth of tokens to Binance, but spot demand absorbed this potential selling pressure without derailing the recovery. The network saw three days of negative net flows at -$150.61K, keeping tokens off exchange platforms and reducing available supply. Open Interest rose 8.46% to $57.11 million, reflecting increased trader engagement. The break from the descending channel and $1.245 support opens the path toward major resistance at $1.574, then the $2 level.
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