🟢 Why is Pendle (PENDLE) pumping today? @pendle_fi | $5.21 | +27.4% (24h) TLDR: PENDLE soared on the back of Ethena-powered yield loops, whale flows, and a key technical breakout. This DeFi yield play is catching momentum as onchain traders chase boosted APYs and rotational flows. Key Drivers: • Yield Loop Catalyst: Ethena’s USDe integration unlocks leveraged fixed yield strategies, creating reflexive PENDLE demand. • Whale Watch: A $4.65M transfer to Binance sparked caution, but a $135M stash remains untouched, hinting at longer-term conviction. • Volume Spike: Trading volume surged past $400M, amplifying volatility and confirming breakout moves. • TVL Surge: Pendle TVL hits $5.2B, with USDe making up 60% signaling sticky capital inflows. Technical Setup: • RSI(14): 65.87 (strong momentum, not yet overbought) • MACD: Positive histogram at +0.0046, supporting trend continuation • Support: $4.71 (23.6% Fib and recent breakout level) • Next Targets: $5.56 (38.2% Fib), $6.24 (50% Fib) Conclusion: Pendle is benefitting from being at the center of a DeFi narrative shift, real yield, smart leverage, and sticky TVL. Holding above $4.71 could validate further upside, especially if Aave collateral caps expand. But keep an eye on whale flows and broader DeFi sentiment. Pendle = where DeFi builders go to print APY.