Pendle Extends Rally: The Price Climbs 4% to Top Gainers List
As new U.S. inflation statistics prompted prominent cryptocurrencies to follow the lead of riskier asset markets, Pendle jumped to an intraday high of $5.35. As of this writing, the altcoin was one of the best-performing coins in the cryptocurrency market, with a price increase of 4.07% in a single day. The price surged from $4.76 to above $5.10 as purchasers piled up the native token of the crypto yield trading platform. The rebound that stopped the decline from the peak of $6.29 on August 24 was prolonged by this.
Pendle Demand Zone Strengthens With Rising Volume and Bullish Targets
Buyers have the chance to create this as a strong demand zone because the Pendle is positioned between $4.73 and $5.12. A move that might be bolstered by an increase in intraday trading volume is the all-time high of $7.50, which bulls may target in April 2024. On September 11, the 24-hour trading volume increased by over 35% to $110 million due to purchasing pressure.
As the total value locked in DeFi reached a new all-time high above $12.1 billion, Pendle’s popularity in the decentralized finance ecosystem persisted despite the price volatility. The price of Pendle TVL recovered from about $3.24 to $4.81 billion on July 1, 2025, indicating a nearly twofold increase in the last two months.
Pendle Gains Momentum With Rising Trading Volume and Institutional Demand
A combination of fundamental highlights and macroeconomic variables has shaped the outlook for the broader market, which has benefited PENDLE. Altcoins have been resilient, yet macro issues like interest rate forecasts and tariffs have created a backdrop for price swings for risky assets. This strength has been mostly driven by stablecoin adoption, institutional demand, and advancements in crypto regulations. Coinglass data indicates that open interest in Pendle has increased to $143 million, and price surges during periods of strong trading volume indicate growing interest.
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