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<p>Pendle (PENDLE) 正在 $1.80 附近形成一個關鍵的戰鬥區域，市場參與者正在權衡價格走勢和衍生品活動的相互信號。</p>
<p>在過去一年中經歷了顯著的上漲後，該代幣已穩定在一個較低的區間。</p>
<p>最近的價格走勢受到強烈賣壓的影響，同時伴隨着間歇性的反彈，這引發了人們對接近 $3100 萬的穩定期貨未平倉合約是否能夠支持看漲反彈的質疑。</p>
<h2>Pendle 價格保持在 $1.80 附近</h2>
<p>自 2025 年底達到約 $6 的高點以來，Pendle 面臨持續的下行壓力，並在突破 $3.00 後未能維持漲幅。</p>
<p>最近，價格在重新買入興趣的推動下測試了約 $2.00 的阻力位，但多次未能將這些測試轉化為動能。</p>
<p>今天，該代幣徘徊在 $1.80 附近，這一水平在短期內既充當支撐位，也在反彈嘗試中成為障礙。</p>
<p>從技術上看，$1.80 作為一個短期的支點：如果跌破並維持在該水平下方，可能會暴露出 $1.40-$1.50 附近的更低支撐位。</p>
<p>與此同時，乾淨的反彈可能會將 PENDLE 推向 $2.00 的阻力區。</p>
<p>在短期內，突破 $3.00 的決定性反彈仍然是可能的。</p>
<p>然而，多頭需要持續增加買入壓力和交易量，同時更廣泛的市場趨勢也需發揮作用。</p>
<h2>Pendle 未平倉合約暗示看漲力量</h2>
<p>Pendle 期貨的未平倉合約 (OI) 保持在約 $3100 萬，這一水平表明即使現貨價格掙扎，衍生品市場仍有穩定的參與。</p>
<p>在衍生品交易中，未平倉合約代表尚未關閉或到期的活躍 PENDLE 期貨合約總數。</p>
<p>通常，交易者利用這一指標來評估價格變動背後的信心。</p>
<p>當未平倉合約保持穩定或隨着價格上漲時，通常表明有新資本進入市場，並支持趨勢的延續。</p>
<p>在 Pendle 的情況下，在多次測試 $2.00 水平期間，相對穩定的未平倉合約表明投機者和對沖者仍然有重要參與。</p>
<p>這種穩定性可以被解讀為看漲的潛力。市場參與者似乎願意維持敞口，這將使任何上漲走勢更加可持續。</p>
<p>相反，在反彈期間未平倉合約的下降則暗示漲幅是由回補空頭驅動，而非新買入，從而削弱了後續上漲的可能性。</p>
<h2>什麼可能決定 Pendle 的下一步動作</h2>
<p>僅憑未平倉合約並不能保證上漲。在從 $6 的多月拋售後，空頭仍然是一個可信的力量，且未能維持在 $3.00 以上。</p>
<p>如果賣方加劇，且 OI 開始下降，同時價格跌破 $1.80，這將發出平倉信號，並增加更深跌幅的可能性。</p>
<p>另一方面，未平倉合約上升，伴隨突破 $2.20 然後是 $3.00，將加強看漲敍事，並引起對更高阻力位的關注。</p>
<p>因此，交易者可能會將 $1.80 視為一個轉折點。</p>
<p>鑑於該代幣歷史上價格波動劇烈，交易者可能會繼續密切關注交易量和未平倉合約，以確認下一步的方向性動作。</p>
<p>Pendle 價格展望：$1.80 關鍵，未平倉合約保持穩定，首發於 Invezz</p>

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<p>Pendle (PENDLE) 目前處於關鍵價格水平 $1.80，面臨着較大的賣壓，但也有間歇性的反彈。Pendle 期貨的未平倉合約保持在 3100 萬美元，表明市場參與仍在持續。如果跌破 $1.80，可能會導致進一步下跌，而反彈則可能將價格推向 $2.00。交易者正密切關注交易量和未平倉合約，以尋找下一步價格走勢的跡象</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/traders-at-desk.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/traders-at-desk.png"/></p>
<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 附近形成一個關鍵的戰鬥區域，市場參與者正在權衡價格走勢和衍生品活動的相互信號。</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>在過去一年中經歷了顯著的上漲後，該代幣已穩定在一個較低的區間。</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>最近的價格走勢受到強烈賣壓的影響，同時伴隨着間歇性的反彈，這引發了人們對接近 $3100 萬的穩定期貨未平倉合約是否能夠支持看漲反彈的質疑。</p>
</div><h2>Pendle price holds near $1.80</h2>
<div class="lb-trans"><h2>Pendle 價格保持在 $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 年底達到約 $6 的高點以來，Pendle 面臨持續的下行壓力，並在突破 $3.00 後未能維持漲幅。</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，價格在重新買入興趣的推動下測試了約 $2.00 的阻力位，但多次未能將這些測試轉化為動能。</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，該代幣徘徊在 $1.80 附近，這一水平在短期內既充當支撐位，也在反彈嘗試中成為障礙。</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>從技術上看，$1.80 作為一個短期的支點：如果跌破並維持在該水平下方，可能會暴露出 $1.40-$1.50 附近的更低支撐位。</p>
</div><p>Meanwhile, a clean rebound could send PENDLE toward the $2.00 resistance zone.</p>
<div class="lb-trans"><p>與此同時，乾淨的反彈可能會將 PENDLE 推向 $2.00 的阻力區。</p>
</div><p>A decisive recovery above $3.00 remains possible in the short term.</p>
<div class="lb-trans"><p>在短期內，突破 $3.00 的決定性反彈仍然是可能的。</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，多頭需要持續增加買入壓力和交易量，同時更廣泛的市場趨勢也需發揮作用。</p>
</div><h2>Pendle open interest suggests bullish strength</h2>
<div class="lb-trans"><h2>Pendle 未平倉合約暗示看漲力量</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 期貨的未平倉合約 (OI) 保持在約 $3100 萬，這一水平表明即使現貨價格掙扎，衍生品市場仍有穩定的參與。</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，未平倉合約代表尚未關閉或到期的活躍 PENDLE 期貨合約總數。</p>
</div><p>Usually, traders tap into the metric to gauge conviction behind price moves.</p>
<div class="lb-trans"><p>通常，交易者利用這一指標來評估價格變動背後的信心。</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>當未平倉合約保持穩定或隨着價格上漲時，通常表明有新資本進入市場，並支持趨勢的延續。</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 的情況下，在多次測試 $2.00 水平期間，相對穩定的未平倉合約表明投機者和對沖者仍然有重要參與。</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>這種穩定性可以被解讀為看漲的潛力。市場參與者似乎願意維持敞口，這將使任何上漲走勢更加可持續。</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，在反彈期間未平倉合約的下降則暗示漲幅是由回補空頭驅動，而非新買入，從而削弱了後續上漲的可能性。</p>
</div><h2>What could determine Pendle’s next move</h2>
<div class="lb-trans"><h2>什麼可能決定 Pendle 的下一步動作</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>僅憑未平倉合約並不能保證上漲。在從 $6 的多月拋售後，空頭仍然是一個可信的力量，且未能維持在 $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>如果賣方加劇，且 OI 開始下降，同時價格跌破 $1.80，這將發出平倉信號，並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，未平倉合約上升，伴隨突破 $2.20 然後是 $3.00，將加強看漲敍事，並引起對更高阻力位的關注。</p>
</div><p>Traders are thus likely to treat $1.80 as an inflection point.</p>
<div class="lb-trans"><p>因此，交易者可能會將 $1.80 視為一個轉折點。</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>鑑於該代幣歷史上價格波動劇烈，交易者可能會繼續密切關注交易量和未平倉合約，以確認下一步的方向性動作。</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 價格展望：$1.80 關鍵，未平倉合約保持穩定，首發於 Invezz</p>
</div>

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

- Pendle (PENDLE) 正在 $1.80 附近維持關鍵爭奪戰。  
- 最近，儘管價格因賣壓而表現疲軟，未來合約的開放興趣保持在 $3100 萬。  
- 交易者將 $1.80 視為轉折點，須關注成交量和開放興趣以確認下一步走勢。

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Pendle 的價格前景：未平倉合約保持穩定，1.80 美元是關鍵價位