Pendle has recently faced short-term pressure due to geopolitical risks and macro liquidity stress, with the price once dropping to $1.01 and fluctuating within the $1.03–$1.08 range, accompanied by clear volatility in trading and capital sentiment. The platform has effectively driven TVL and institutional participation through increased incentives and RWA product innovation, laying the foundation for medium- to long-term value. In mid-April, the price broke out above the key resistance level of $1.38 with increased volume, confirming a short-term rebound structure. Currently, it is recommended to pay attention to the validity of the $1.38 support; if solid, the next upside target is $1.66. If the price falls below $1.01, beware of an intensified pullback. For operations, medium-to-long-term allocations can be held or gradually accumulated on dips, while short-term traders should strictly control their risk zones.

In early April, renewed geopolitical conflicts triggered risk-off sentiment in the market, putting overall pressure on the RWA sector. During a short-term plunge, Pendle once dropped to around $1.01, posting an intraday loss of nearly 6%. Subsequently, the Fed's cautious core PCE data matched expectations and stabilized Bitcoin around $73,000, but capital remained wary about interest rate prospects. Pendle fluctuated repeatedly within the $1.03–$1.08 range, without showing significant upward momentum.

The crypto market briefly surged but then declined, showing a widespread downward trend influenced by renewed Middle East conflicts. The RWA sector led losses with a 4.18% drop, including Pendle down 5.94% and Ondo Finance down 5.64%. Bitcoin fell 0.95% below $71,000, while Ethereum dropped 2.72%, retreating to just above $2,100.

The crypto market surged and then pulled back, with the RWA sector leading the decline at 4.18%.

The latest US PCE inflation data met expectations, easing market uncertainty and stabilizing Bitcoin around $73,000. Core PCE rose 3% year-on-year and 0.4% month-on-month. Despite easing US-Iran tensions, potential energy price impacts remain unreflected. Investors remain cautious about Fed rate cuts. Economist Mohamed El-Erian highlights upcoming CPI data as more critical amid oil price volatility. Analyst Michaël van de Poppe maintains an $80,000 Bitcoin target if key support holds.

Analysts maintain an $80K Bitcoin target as PCE inflation data boosts market sentiment.

During periods of market liquidity adjustment, Pendle’s issuers and partners ramped up incentive measures: the USDG incentive pool was raised from $150,000 to $390,000, offering up to 30% rewards in PENDLE tokens, propelling TVL to break through the $10 million mark. Shortly afterward, Saturn mainnet launched two RWA-pegged stablecoin products, which were recognized by institutions such as Flowdesk and Galaxy, aggregating over $10 million in total capital locked. These initiatives further solidified Pendle's role as key infrastructure in the RWA ecosystem, establishing strong support for its medium- to long-term value.

Global Dollar and Paxos have increased their USDG stablecoin incentives on Pendle from $150,000 to $390,000 until the market expiry date. Pendle will also continue offering up to 30% PENDLE rewards for this market. Previously, Pendle's USDG TVL had already exceeded $10 million.

Pendle's USDG stablecoin incentives increased to $390K.

Pendle has launched DeFi yield protocol Saturn's RWA products USDat and sUSDat, both expiring on August 27, 2026. Saturn is now live on the mainnet after a private testing phase that saw $10 million in deposits from companies including Flowdesk and Galaxy. The stablecoin USDat is built on M0, with Galaxy, Securitize, and Clear Street as operating partners.

Pendle Lists Saturn RWA Products USDat and sUSDat

From April 16 to 17, Pendle saw a steep rise in both volume and price on its daily chart, with trading volume surging to 1.72 million tokens and the price up more than 11% in a single day, reaching an intraday high of $1.48 and breaking above the previous key resistance at $1.38. Simultaneously, off-exchange positions and open interest in derivatives increased significantly, indicating both long and short funds were positioning in this area. Technically, if Pendle can stay above $1.38, the short-term upside target remains at $1.66. However, if it falls below $1.01 again, it may return to the former consolidation range, raising short-term risks.

Pendle

Will PENDLE break the $1.38 resistance? Rebound confirmed ONLY IF…

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

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PENDLE price today is 1.41, with a live price change of 8.94 in the last 24 hours. Convert, buy, sell and trade PENDLE on Bybit-eu.

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