🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
PENDLE rose 10% on Monday, marking the first bullish daily chart in six days.
Gate News bot message, FXStreet analyst Vishal Dixit stated that the price of Pendle (PENDLE) rose 10% on Monday, marking the first bullish daily chart in six days. Starting from the support level of $3.598, the price of PENDLE reached the key resistance level of $4.132 indicated on the 4-hour chart.
Due to oversupply above, PENDLE's stock price has experienced a brief respite, with two consecutive bearish candles, each with long tails, indicating strong demand absorbing the supply.
The closing price above $4.132 may push PENDLE up to the level of $4.346, with the last test of this level as a support level occurring on June 10.
In the 4-hour chart, the RSI indicator is approaching the overbought boundary, and buying pressure is increasing. However, the risk of a pullback is rising in an overbought environment, and investors must remain cautious.
The MACD indicator has entered the positive territory, and its signal line is following an upward trend, indicating that the bullish momentum is strengthening.
If the PENDLE price breaks below $3880, it may retest the support level of $3598.
(Source: FXStreet)