<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/traders-at-desk.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/traders-at-desk.png"/></p>
<p>Pendle (PENDLE) 正在 $1.80 附近形成一个关键的战斗区域，市场参与者正在权衡价格走势和衍生品活动的相互信号。</p>
<p>在过去一年中经历了显著的上涨后，该代币已稳定在一个较低的区间。</p>
<p>最近的价格走势受到强烈卖压的影响，同时伴随着间歇性的反弹，这引发了人们对接近 $3100 万的稳定期货未平仓合约是否能够支持看涨反弹的质疑。</p>
<h2>Pendle 价格保持在 $1.80 附近</h2>
<p>自 2025 年底达到约 $6 的高点以来，Pendle 面临持续的下行压力，并在突破 $3.00 后未能维持涨幅。</p>
<p>最近，价格在重新买入兴趣的推动下测试了约 $2.00 的阻力位，但多次未能将这些测试转化为动能。</p>
<p>今天，该代币徘徊在 $1.80 附近，这一水平在短期内既充当支撑位，也在反弹尝试中成为障碍。</p>
<p>从技术上看，$1.80 作为一个短期的支点：如果跌破并维持在该水平下方，可能会暴露出 $1.40-$1.50 附近的更低支撑位。</p>
<p>与此同时，干净的反弹可能会将 PENDLE 推向 $2.00 的阻力区。</p>
<p>在短期内，突破 $3.00 的决定性反弹仍然是可能的。</p>
<p>然而，多头需要持续增加买入压力和交易量，同时更广泛的市场趋势也需发挥作用。</p>
<h2>Pendle 未平仓合约暗示看涨力量</h2>
<p>Pendle 期货的未平仓合约 (OI) 保持在约 $3100 万，这一水平表明即使现货价格挣扎，衍生品市场仍有稳定的参与。</p>
<p>在衍生品交易中，未平仓合约代表尚未关闭或到期的活跃 PENDLE 期货合约总数。</p>
<p>通常，交易者利用这一指标来评估价格变动背后的信心。</p>
<p>当未平仓合约保持稳定或随着价格上涨时，通常表明有新资本进入市场，并支持趋势的延续。</p>
<p>在 Pendle 的情况下，在多次测试 $2.00 水平期间，相对稳定的未平仓合约表明投机者和对冲者仍然有重要参与。</p>
<p>这种稳定性可以被解读为看涨的潜力。市场参与者似乎愿意维持敞口，这将使任何上涨走势更加可持续。</p>
<p>相反，在反弹期间未平仓合约的下降则暗示涨幅是由回补空头驱动，而非新买入，从而削弱了后续上涨的可能性。</p>
<h2>什么可能决定 Pendle 的下一步动作</h2>
<p>仅凭未平仓合约并不能保证上涨。在从 $6 的多月抛售后，空头仍然是一个可信的力量，且未能维持在 $3.00 以上。</p>
<p>如果卖方加剧，且 OI 开始下降，同时价格跌破 $1.80，这将发出平仓信号，并增加更深跌幅的可能性。</p>
<p>另一方面，未平仓合约上升，伴随突破 $2.20 然后是 $3.00，将加强看涨叙事，并引起对更高阻力位的关注。</p>
<p>因此，交易者可能会将 $1.80 视为一个转折点。</p>
<p>鉴于该代币历史上价格波动剧烈，交易者可能会继续密切关注交易量和未平仓合约，以确认下一步的方向性动作。</p>
<p>Pendle 价格展望：$1.80 关键，未平仓合约保持稳定，首发于 Invezz</p>

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<p>Pendle (PENDLE) 目前处于关键价格水平 $1.80，面临着较大的卖压，但也有间歇性的反弹。Pendle 期货的未平仓合约保持在 3100 万美元，表明市场参与仍在持续。如果跌破 $1.80，可能会导致进一步下跌，而反弹则可能将价格推向 $2.00。交易者正密切关注交易量和未平仓合约，以寻找下一步价格走势的迹象</p>

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<p>Pendle (PENDLE) is carving out a critical battle zone around $1.80 as market participants weigh competing signals from price action and derivatives activity.</p>
<div class="lb-trans"><p>Pendle (PENDLE) 正在 $1.80 附近形成一个关键的战斗区域，市场参与者正在权衡价格走势和衍生品活动的相互信号。</p>
</div><p>After a striking run in the past year, the token has settled into a lower range.</p>
<div class="lb-trans"><p>在过去一年中经历了显著的上涨后，该代币已稳定在一个较低的区间。</p>
</div><p>Recent price action has been marked by heavy selling pressure alongside intermittent rallies, raising questions about whether steady futures open interest near $31 million could help support a bullish recovery.</p>
<div class="lb-trans"><p>最近的价格走势受到强烈卖压的影响，同时伴随着间歇性的反弹，这引发了人们对接近 $3100 万的稳定期货未平仓合约是否能够支持看涨反弹的质疑。</p>
</div><h2>Pendle price holds near $1.80</h2>
<div class="lb-trans"><h2>Pendle 价格保持在 $1.80 附近</h2>
</div><p>Since topping out at about $6 in late 2025, Pendle has faced persistent downward pressure and failed to sustain gains above $3.00 once that level was breached.</p>
<div class="lb-trans"><p>自 2025 年底达到约 $6 的高点以来，Pendle 面临持续的下行压力，并在突破 $3.00 后未能维持涨幅。</p>
</div><p>More recently, price has tested resistance around $2.00 amid renewed buying interest, but has repeatedly struggled to convert those tests into momentum.</p>
<div class="lb-trans"><p>最近，价格在重新买入兴趣的推动下测试了约 $2.00 的阻力位，但多次未能将这些测试转化为动能。</p>
</div><p>Today, the token is hovering near $1.80, a level that has acted as both short-term support and a hurdle during attempted rebounds.</p>
<div class="lb-trans"><p>今天，该代币徘徊在 $1.80 附近，这一水平在短期内既充当支撑位，也在反弹尝试中成为障碍。</p>
</div><p>Technically, $1.80 functions as a near-term pivot: a break and hold beneath it would likely expose lower support near $1.40-$1.50.</p>
<div class="lb-trans"><p>从技术上看，$1.80 作为一个短期的支点：如果跌破并维持在该水平下方，可能会暴露出 $1.40-$1.50 附近的更低支撑位。</p>
</div><p>Meanwhile, a clean rebound could send PENDLE toward the $2.00 resistance zone.</p>
<div class="lb-trans"><p>与此同时，干净的反弹可能会将 PENDLE 推向 $2.00 的阻力区。</p>
</div><p>A decisive recovery above $3.00 remains possible in the short term.</p>
<div class="lb-trans"><p>在短期内，突破 $3.00 的决定性反弹仍然是可能的。</p>
</div><p>However, bulls would require a sustained increase in buying pressure and volume, with broader market tailwinds coming into play.</p>
<div class="lb-trans"><p>然而，多头需要持续增加买入压力和交易量，同时更广泛的市场趋势也需发挥作用。</p>
</div><h2>Pendle open interest suggests bullish strength</h2>
<div class="lb-trans"><h2>Pendle 未平仓合约暗示看涨力量</h2>
</div><p>Open interest (OI) in Pendle futures is holding around $31 million, a level that speaks to steady participation in derivatives markets even as the spot price struggles.</p>
<div class="lb-trans"><p>Pendle 期货的未平仓合约 (OI) 保持在约 $3100 万，这一水平表明即使现货价格挣扎，衍生品市场仍有稳定的参与。</p>
</div><p>In derivatives trading, open interest represents the total number of active PENDLE futures contracts that have not been closed or expired.</p>
<div class="lb-trans"><p>在衍生品交易中，未平仓合约代表尚未关闭或到期的活跃 PENDLE 期货合约总数。</p>
</div><p>Usually, traders tap into the metric to gauge conviction behind price moves.</p>
<div class="lb-trans"><p>通常，交易者利用这一指标来评估价格变动背后的信心。</p>
</div><p>When open interest remains steady or rises alongside price, it often indicates fresh capital entering the market and supports continuation of the trend.</p>
<div class="lb-trans"><p>当未平仓合约保持稳定或随着价格上涨时，通常表明有新资本进入市场，并支持趋势的延续。</p>
</div><p>In Pendle’s case, relatively stable open interest during repeated tests of the $2.00 level suggests there is still meaningful participation from both speculators and hedgers.</p>
<div class="lb-trans"><p>在 Pendle 的情况下，在多次测试 $2.00 水平期间，相对稳定的未平仓合约表明投机者和对冲者仍然有重要参与。</p>
</div><p>That steadiness can be interpreted as a bullish undertone. Rather than mass position liquidation, market participants appear willing to maintain exposure, which would make any upward move more sustainable.</p>
<div class="lb-trans"><p>这种稳定性可以被解读为看涨的潜力。市场参与者似乎愿意维持敞口，这将使任何上涨走势更加可持续。</p>
</div><p>Conversely, declining open interest during a rally would hint that gains are driven by short-covering rather than new buying, weakening the case for a follow-through.</p>
<div class="lb-trans"><p>相反，在反弹期间未平仓合约的下降则暗示涨幅是由回补空头驱动，而非新买入，从而削弱了后续上涨的可能性。</p>
</div><h2>What could determine Pendle’s next move</h2>
<div class="lb-trans"><h2>什么可能决定 Pendle 的下一步动作</h2>
</div><p>Open interest alone does not guarantee an advance. Bears remain a credible force after the multi-month sell-off from $6 and the inability to hold above $3.00.</p>
<div class="lb-trans"><p>仅凭未平仓合约并不能保证上涨。在从 $6 的多月抛售后，空头仍然是一个可信的力量，且未能维持在 $3.00 以上。</p>
</div><p>If sellers intensify and OI begins to fall while price drops below $1.80, that would signal position exits and increase the odds of deeper declines.</p>
<div class="lb-trans"><p>如果卖方加剧，且 OI 开始下降，同时价格跌破 $1.80，这将发出平仓信号，并增加更深跌幅的可能性。</p>
</div><p>Alternatively, a rising OI coupled with a break above $2.20 and then $3.00 would strengthen the bullish narrative and invite attention to higher resistance levels.</p>
<div class="lb-trans"><p>另一方面，未平仓合约上升，伴随突破 $2.20 然后是 $3.00，将加强看涨叙事，并引起对更高阻力位的关注。</p>
</div><p>Traders are thus likely to treat $1.80 as an inflection point.</p>
<div class="lb-trans"><p>因此，交易者可能会将 $1.80 视为一个转折点。</p>
</div><p>Given the token’s history of sharp price swings, traders will likely continue monitoring volume and open interest closely for confirmation of the next directional move.</p>
<div class="lb-trans"><p>鉴于该代币历史上价格波动剧烈，交易者可能会继续密切关注交易量和未平仓合约，以确认下一步的方向性动作。</p>
</div><p>The post Pendle price outlook: $1.80 key as open interest holds steady appeared first on Invezz</p>
<div class="lb-trans"><p>Pendle 价格展望：$1.80 关键，未平仓合约保持稳定，首发于 Invezz</p>
</div>

Pendle price outlook: $1.80 key as open interest holds steady

- Pendle (PENDLE) 正在 $1.80 附近维持关键争夺战。  
- 最近，尽管价格因卖压而表现疲软，未来合约的开放兴趣保持在 $3100 万。  
- 交易者将 $1.80 视为转折点，须关注成交量和开放兴趣以确认下一步走势。

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Pendle 的价格前景：未平仓合约保持稳定，1.80 美元是关键价位