- PENDLE token price is surging following the Ethena (USDe) partnership.
- Technical evaluation points to $7.80 as the next aim with doable for double-digit costs.
- A breakout above the important thing make stronger at $5.23 opens the door to retest the $7.50 ATH.
The PENDLE token has been on a noteworthy upward trajectory in present weeks, gaining over Fifty three% within the past month and surging 21.6% within the final 24 hours alone.
Market momentum has intensified following the announcement of a strategic partnership between Pendle Finance and Ethena, integrating the all straight away growing USDe valid asset into Pendle’s yield-producing ecosystem on HyperEVM.
These swimming pools are launching on the muse with cramped means:
• $100M cap for sUSDe (Sep ‘25)
So invent positive to obtain in early! pic.twitter.com/vYJzqDSRYQ
— Pendle (@pendle_fi) August 7, 2025
This collaboration, blended with valid technical signals, would possibly per chance additionally pickle the stage for the token to retest its all-time high of $7.50 and doubtlessly damage into double-digit territory.
Ethena integration fuels a highly effective looping scheme
The coronary heart of the bullish sentiment lies within the modern “looping” scheme enabled by the partnership.
Pendle’s peculiar mannequin splits resources into Fundamental Tokens (PT) and Yield Tokens (YT).
With USDe now constructed-in, customers need to aquire PT with USDe to lock in mounted yields, then borrow USDC against these PTs on Aave. The borrowed USDC would possibly per chance additionally just even be outmoded to blueprint more USDe, allowing the technique to repeat.
This cycle has proven lucrative as PT yields currently moderate 8.8% above Aave’s borrowing charges, which range between 4% and 6%. Aave earns 10% of the borrowing charges, whereas Pendle charges a 5% rate on PTs.
Importantly, $4.3B (60% of total USDe) has been locked in Pendle and $3B deposited in Aave, underscoring the depth of this integration.
1/ Ethena’s USDe present is up $3.7B in precisely 20 days, driven essentially by the Pendle-Aave PT-USDe looping scheme.
With $4.3B (60% of total USDe) now locked in Pendle and $3B deposited in Aave, here’s a breakdown of the PT loop mechanics, increase vectors, and doable risks:
— shaunda devens (@shaundadevens) August 6, 2025
To boot, Pendle’s TVL is heavily concentrated in Ethena’s USDe market, accounting for roughly 60% of the total protocol’s TVL.
To diminish liquidation risks, the Aave DAO has pegged USDe to USDT’s price, adding a layer of stability to the scheme.
Alternatively, profitability is dependent upon PT yields staying above borrowing charges. If yields descend, the scheme’s appeal would possibly per chance additionally weaken.
The means for further growth can even hinge on whether Aave will increase its collateral caps, which would allow for better participation within the loop.
Whale moves $4.65M price of PENDLE tokens
Including to the bullish ambiance, on-chain recordsdata published that a multisignature wallet linked to Pendle deposited 900,000 PENDLE — price roughly $4.65 million — into Binance.
Whereas the Pendle crew has not disclosed the aim, market observers indicate the cross would possibly per chance additionally just be aimed at bettering liquidity, supporting market-making, or getting ready for strategic growth.
Inner 24 hours of the transfer, PENDLE’s price jumped 27.2%, reflecting investor optimism.
Such actions highlight the importance of tracking blockchain explain, as fat transfers on the total precede valuable announcements or market shifts. Alternatively, they would possibly additionally additionally develop short-term volatility.
PENDLE token price evaluation points to bigger targets
From a technical point of view, the PENDLE token has reclaimed the mid-range of its lengthy-term trading construction, broken above a key resistance trendline, and retested it as make stronger.
Indicators akin to the Relative Strength Index (RSI) and the Transferring Reasonable Convergence/Divergence (MACD) remain positive, signalling that bullish momentum is unbroken.
Going by market evaluation from popular analysts, $5.23 is a valuable make stronger level that PENDLE must retain. Moreover, a cross above $5.Fifty three would possibly per chance additionally open the route in direction of $5.77, with $6.30 as the next resistance.
Furthermore, the wave depend sample points to a highly effective third sub-wave in development, with an initial aim at $7.80, which is 1.61 instances the length of the first wave.
Severely, a breakout above the 2025 high would seemingly tempo up the climb in direction of unique all-time highs and per chance double-digit costs.
With valid fundamentals from the Ethena partnership, a surging TVL, favourable technical patterns, and heightened market passion, PENDLE token appears to be like well-positioned for further increase.
