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@quick88
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Pendle (PENDLE)
PENDLE, the utility token for the Pendle protocol, has seen a sharp rise in value, climbing 27% over the past week, making it one of the key Real World Asset (RWA) altcoins to watch in October. Currently trading at $4.34, PENDLE has maintained a strong upward trajectory, trading above an ascending trend line in recent weeks.
This trend line indicates sustained market demand and upward momentum. If PENDLE remains above this line, its main target in the coming weeks will be the key resistance level of $6.31. However, if selling pressure increases, the price could drop below the trend line, potentially reaching $3.16.
Read more: Real World Asset (RWA) Backed Tokens Explained 0 reply
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