• Arthur Hayes has scooped 218,000 PENDLE tokens today.
• The accumulation comes as the altcoin nears a reliable support, hinting at recoveries.
• PENDLE price gained more than 2% the past day.

The crypto sector remains downbeat, failing to reclaim the $3 trillion mark as short-term rebounds encounter renewed selling pressure.

However, sentiments are likely to shift as dip-buying activities surface.

Market participants track large-scale transactions as they can indicate potential sentiment shifts.

PENDLE has found itself in the spotlight on November 26, after substantial purchases by Arthur Hayes.

Arkham data shows the BitMEX co-founder executed two transactions in the past 24 hours.

The first one involved 105,000 PENDLE tokens worth over $258K.

Meanwhile, the second purchases, which came hours later, saw Hayes buying 113,000 coins at $277K.

Together, Hayes has accumulated 118,000 coins, worth approximately $536,000, today, and now holds PENDLE worth over 1.19 million or more than 417,000 tokens.

Meanwhile, today’s transactions grabbed attention due to timing, executed as PENDLE endures bearishness.

The digital token lost more than 25% of its value in the past 30 days amid broad-based slumps.

Substantial accumulations during bearish performance signal trust in possible recoveries.

Hayes likely capitalized on the downside prices to buy at a discount before PENDLE shifts its trajectory.

PENDLE price outlook – rebound imminent

The altcoin is trading at $2.53 after an over 2% increase within the past 24 hours.

Meanwhile, PENDLE has experienced substantial selling pressure lately.

Its price started stabilizing at $2.10 – $2.25 after underperforming in October and November.

This region is crucial as it previously gave buyers a perfect entry level.

That’s why Hayes’ latest accumulation gained attention.

These sentiments hint at potential near-term recoveries for PENDLE.

Meanwhile, the initial obstacle at $2.75 will be the first checkpoint for upside continuation.

A breakout confirmation could clear the path to $3.16 – $3.55 before exploding to $4.67 amid broad-based driven rallies.

Momentum indicators support an optimistic performance.

The 4H Moving Average Convergence highlights buyer presence.

Also, the Relative Strength Index of 62 signals upside momentum with no imminent overbought conditions.

Nonetheless, the cryptocurrency market has been highly unpredictable lately, with brief recoveries encountering sudden selloffs.

Bearish price actions could see the altcoin revisit the support barrier at $2.10 – $2.25.

Failure to hold above this mark will catalyze notable dips for the token.

PENDLE can plummet to $1.80, or even extend to $1.60.

Meanwhile, broader sentiments will influence PENDLE’s short-term performance.

The overall cryptocurrency marketplace remains deteriorated. Bitcoin hovers $86,000 while threatening further dips to $79,000.

Such a move would mean substantial declines for the entire market, delaying PENDLE’s potential near-term recovery.

The post Pendle price outlook: BitMEX co-founder buys PENDLE worth $536K appeared first on CoinJournal.

• 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.

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.

The post Pendle price forecast: why PENDLE could soon reclaim $6 level appeared first on CoinJournal.