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A noticeable recovery may be coming after a long period of pressure on $PENDLE .
๐ But we are in a critical zone.
๐ Currently, the price is trying to reclaim the $2 region.
๐ The main important level: 2.15 โ 2.71 band If it remains above this region:
๐ฅ 3.42
๐ฅ 4.10
๐ฅ then 5.93 levels may come into play. And the chart tells me this
๐ The price, which has been crushed within a long-falling structure, has started to react strongly for the first time. The high-volume candles coming from the bottom are particularly noteworthy. But it's still too early to say it's a clear trend reversal. Because the favorite thing of big players is:
๐ to create fear in people at the bottom ๐ then to make them feel like they've missed out on the rise ๐
I think the most critical scenario here is this
๐ If we see closures above 2.15, the perception in the market could change rapidly. But if the 1.59 support level is lost, we may see weakness again.

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