Pendle's (PENDLE) rise winks at RWA bull!

The market-shaking rise of Pendle (PENDLE) has given the green light to the Real World Assets (RWA) trend.

One of the most talked about trends of the past year, True World Assets (RWA**) has reappeared with the rise of related cryptocurrencies. RWA-based cryptocurrencies, which have a great potential for 2024, have started to be listed on popular exchanges and have attracted wider audiences. The clearest examples of this situation were ONDO and PENDLE.

Which levels can PENDLE aim for, which has established a throne on the "Most Very Ascendants" list with its rise in the last 24 hours?

## ATH can't get enough of refreshing!

The PENDLE, which has been priced within the ascending channel since $1.1899, is trading at $2.6609 at the time of writing. A further strengthening of the RWA trend, BTC's break of $43,500 or positive news from Pendle will naturally push the price to higher levels.

Since the pair is in ATH, the Fibonacci indicator can be used for resistance levels. According to the Fibonacci indicator, the selling levels to watch in PENDLE are $2.7264 – $3.2423 – $3.7582 and $4.0771, respectively.

Factors such as the failure of the BTC to break above $43,500, the lack of interest in the RWA area, or the downside breakout of the ascending channel could start a sharp sell-off in PENDLE. The popular coin, which has been rising relentlessly for the past three weeks, could retrace to $1.8925 – $1.6036 and $1.1899, respectively, if it fails to maintain support at $2.2273.

Looking at the current process, PENDLE, which is the most popular name of RWA-based cryptocurrencies, seems to make a name for itself for a while with its two-way price movement.