Pendle PENDLE
PENDLE cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering held Phoenix · monthly · score 45.9 mixed
39.7% below its 365-day high of $3.58 (2025-10-27), +123.0% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
Held on the Amber List: it last met the Amber List rules on 2026-10-18. Today it meets no tier rule; a tier moves down only after five consecutive scans below its rules.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +88.3% above the Jun 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Ug 3g 2Ug 1r
- Confirmed low
- $1.25 · 2026-08-31
- Position
- 2 of median 2 (max 12)
- Current low
- $1.15 · confirmed
- Cycle-low confidence
- —
- Confirmed lows
- 4
Weekly
- Last bars
- 2Ur 2Dr 2Dr 2Dr 1g
- Confirmed low
- $1.25 · 2026-08-23
- Position
- 9 of median 6.0 (max 14)
- Current low
- $1.90 · unconfirmed
- Confirms above
- $2.24
- Cycle-low confidence
- 50%
- Confirmed lows
- 11
Daily
- Last bars
- 2Dr 2Dr 2Ug 2Ug 2Ur
- Confirmed low
- $1.93 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 14)
- Current low
- $1.93 · confirmed
- Cycle-low confidence
- 16%
- Confirmed lows
- 107
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 1.25 (Aug 2026), month 2 of a cycle that has typically run 2.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 1.25 (Aug 2026), week 9 of a cycle that has typically run 6. Current low 1.90 is unconfirmed — it confirms above 2.24. Cycle-low confidence 50%.
- Daily: bar is a red 2-Up. Last confirmed swing low 1.93 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 16%.
- Amber List: 40% below the 2025-10-27 high; +123% off the 365-day low.
- Phoenix: 82% decline over 10 months, monthly swing low confirmed (next-bar), now +88% above the trough; pullback #2 confirmed 2026-09-06.
- Gauges: Mayer multiple 1.29 (neutral); -65% from the all-time high.
Has Pendle bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the PENDLE snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $1.25 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $1.25 from 2026-08-23. A newer candidate at $1.90 is unconfirmed; its confirmation level is above $2.24, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $1.93 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Pendle below its high?
The Coinbase price snapshot is 39.7% below its rolling 365-day high of $3.58 from 2025-10-27. Separately, CoinGecko reports -71.2% relative to its all-time high of $7.50 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- Phoenix monthly → Watch; recovering · Phoenix monthly
- First observed: Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $6.28 · Aug 2025
- Trough
- $1.15 · Jun 2026
- Decline
- -81.7% over 10 months
- Above trough
- +88.3%
- Monthly
- confirmed (next-bar) · trigger $1.54
- Weekly
- confirmed (late (2 bars))
- False bottom
- $2.37 · Apr 2025 (3 higher highs, then undercut)
- Entry
- pullback #2 low $1.25 confirmed 2026-09-06 · trigger $1.98
| decline | 25.9 |
| confirmation | 25 |
| earliness | 0 |
| stale | -15 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 11.13 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.62 x | 10.3 / 15 |
| Size (market-cap rank) survivorship | 125 # | 6 / 15 |
| Age on Coinbase survived a cycle | 1.6 yrs | 3.1 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $427.2M
- Fully diluted
- $692.6M
- 24h volume
- $47.5M
- Circulating
- 173,633,467
- All-time high
- $7.50 · 2024-04-11 (-71.2%)
- Mayer multiple
- 1.292 · neutral
- Pi cycle
- 0.534
- On Coinbase since
- 2025-03-27 (574 bars)
- CoinGecko id
- pendle
Continue your cycle research
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