Pendle Price Soars 22% as Its TVL hits an ATH of $8.06 Billion – Bulls Eye $6.46 Soon

Highlights:

• Pendle price soars 22% to $5.31, as trading volume rallies 319%.
• Pendle TVL hits an ATH of $8.06 billion as an analyst foresees a rally to $10 billion TVL.
• Overbought technical indicators signal a healthy pullback in Pendle price. 

The Pendle price is boasting a bullish outlook, surging 22% to $5.31, as its trading volume increased by 319% to $401 million. Meanwhile, Pendle has hit an all-time high of Total Value Locked (TVL) amounting to $8.06 billion. This is a tremendous achievement in the life of the project, which has experienced a phenomenal rise since its launch.

Pendle TVL All time high – $8 Billion .

Soon $10 Billion$PENDLE pic.twitter.com/Qu3w71Rdn3

— Smartmoney_Detective (@NaveenCypto) August 8, 2025

This growth was recently made possible, as evidenced by NaveenCypto, who is optimistic that Pendle is set to reach a TVL of 10 billion soon. Pendle is in a good position to become a major player within the DeFi space with a growing number of users.

Pendle’s derivatives data indicates that the number of trades made has increased tremendously. Trading volume has soared by 405.60% and open interest by 60.16%. This surge shows that Pendle is enjoying a good deal of trader interest that seeks to take advantage of its rising momentum. These values are robust evidence of optimism that the market shows towards Pendle. 

Moreover, the long-to-short ratio sits at 1.0743, indicating that the asset is highly bullish. Its position above 1 tilts the odds towards the bulls, painting a positive sentiment in the market. The 24-hour liquidation data shows there are about $745K more open PENDLE shorts than longs ($76.82K). That discrepancy suggests that bullish sentiment is currently dominating the Pendle charts because traders anticipate that the price will rise in the future.

Pendle Price Spikes Out in a Parabolic Curve

The Pendle price in the 4-hour chart outlook entered a correction in June, falling from the $4.63 resistance level. However, the bulls found support at the $3.15 level, which allowed the price rally. After hitting the $5.03 level, the Pendle price went on another healthy correction to the $3.68 support zone. However, recently, the bulls have gained immense strength, pushing PENDLE to rally to the current price of $5.31.

As a result of the parabolic surge, the price of PENDLE now trades well above both the 50-day (4.1058) and 200-day ($4.1535) Simple Moving Averages (SMAs) on the 4-hour timeframe, which confirms the upward price movement.

On the other hand, the Relative Strength Index (RSI) of 84.42 shows that there is strong buying pressure. This calls for traders to be cautious, as a healthy short-term pullback may be imminent, to allow the bulls to sweep through liquidity. Moreover, the MACD of Pendle is in a positive range, as the blue MACD has flipped above the orange signal line. Momentum indicators show the Pendle price may have one more push left before profit-taking kicks in.

What’s Next in PENDLE?

If early profit taking kicks in, reinforced by the overbought RSI, the Pendle price could retrace towards $5.08-$4.77 support zones. A breach below this may cause further downside towards $4.68-$4.38. Conversely, if PENDLE can hold above the $5.03–$5.05 breakout zone, the next immediate upside target sits near $5.40, followed by the extension at $6.46.