- Pendle (PENDLE) has surged by over 12% to see bulls retest levels above $2.45.
- Gains come amid a broader market bounce, and technical indicators point to a potential breakout.
- PENDLE price could rally to its psychological $6 resistance, an area buyers tested in August.
Pendle’s 12% rally over the past 24 hours allowed bulls to climb to above $2.54.
It came as cryptocurrencies notched gains following an uptick on Monday across risk asset markets.
As US stocks surged on November 24, 2025, a rebound for Bitcoin ensued.
Bulls across Wall Street are also targeting further gains in this Thanksgiving-shortened trading week, with hopes of an interest rate cut in December injecting optimism.
Tokens such as Kaspa have also rallied amid these factors.
Why did the PENDLE token rally?
For Pendle, the uptick aligns with a broader rebound for decentralized finance tokens.
Aave, Ondo, Ethena and Jupiter are among the top gainers on the day.
Meanwhile, gains that see Bitcoin stabilised above $87,000 and Ethereum hovering near $2,900 have bulls poised.
The launch of several spot crypto ETFs has also attracted fresh liquidity, and yield-focused protocols are among the top performers in this environment.
Notably, Pendle price gains as excitement builds following the inclusion of the PENDLE token in the Bloomberg Galaxy DEFI Index.
The inclusion adds to the overall recognition of top crypto assets across leading TradFi platforms and benchmarks.
This is “another step toward bringing institutional attention to Pendle’s fixed yield markets,” the team posted 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 activity points to the growing enthusiasm.
Per DeFiLlama, Pendle generated over $16 million in fees last quarter, with this more than double the $7.52 million in Q2, 2025.
PENDLE price outlook: a key pattern points to a 100% rally
A look at the daily chart shows that PENDLE is a classic bullish reversal formation.
The falling wedge pattern signals exhaustion of sellers and accumulation by buyers as the price has corrected from just over $2.02 to above $2.54.
The jump to above $2.40 means that if bulls successfully retest and break above $3.00 could allow for a steady climb towards $6.
Hitting these levels would imply a price rally of over 100% from the key level.
PENDLE price chart by TradingView
On the daily chart, the Relative Strength Index (RSI) has climbed to near 50 from oversold territory.
Entering neutral ground with upward momentum and no immediate overbought risks gives buyers the upper hand.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bullish crossover.
The histogram has flipped positive. indicating strengthening buying pressure.
Pendle’s expansion into real-world yield tokenisation and layer-2 integrations is a major bullish catalyst for the long term.
However, for traders, any slip below $2.00 could jeopardise immediate recovery.
