PENDLE has reached a high-value support area after a sharp correction.
The daily chart shows a full reset from 2.20 to nearly 1.15. That kind of move usually clears leverage, removes late buyers, and resets market sentiment completely.
Now price is no longer making aggressive new lows. It is trying to build a base above the 1.15–1.20 demand zone, which is the first sign of stabilization.
The bullish trigger is a reclaim of 1.48–1.50. If PENDLE flips that level back into support, the chart opens toward 1.70 and then 1.85.
This is how strong reversals usually begin.
First comes the breakdown.
Then comes the base.
Then comes the reclaim that everyone calls obvious later.
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