Date: Thu, Sept 11, 2025 | 05:42 AM GMT
The cryptocurrency market is showing strength amid the anticipated potential US Federal Reserve rate cuts, with Ethereum (ETH) holding steady around $4,400. Following this resilience, several altcoins have started to display strong upside potential — and one of the most promising setups is emerging in Pendle (PENDLE).
PENDLE has turned green with an impressive 10% gain over the past week, but more importantly, its chart is flashing a fractal formation that looks strikingly similar to Mantle (MNT)’s recent bullish breakout, hinting that a similar move could be brewing.
PENDLE Mirrors MNT’s Double Bottom Pattern
On the left side of the chart, MNT recently confirmed a double bottom breakout — a classic bullish reversal structure first formed in April 2024. The breakout was triggered when MNT pierced through its neckline resistance at $1.41, which has since propelled the token nearly 17% higher, with its sights now set on $2.27.
On the right side, PENDLE is now tracing a nearly identical pattern.
Since April 2024, PENDLE has carved out its own double bottom structure and is currently trading near $5.06, completing the right leg of the pattern — almost the exact stage MNT was in just before its breakout rally.
What’s Ahead for PENDLE?
If history repeats itself and PENDLE continues to follow MNT’s fractal path, the next major upside test sits at its neckline resistance of $6.82. A decisive breakout above this zone could unlock the next measured target near $11.04, representing a potential new cycle high.
That said, traders should remain cautious — fractals highlight similarities, not guarantees. If PENDLE fails to clear its neckline, the token may remain range-bound in consolidation before any decisive move.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.