Pendle pops 12% as PT-AUSD gets borrowing boost—now comes the part where $1.45 has opinions 📈

Pendle [PENDLE] climbed 12% over the past 24 hours, with trading volume rising more than 50% to roughly $47.7 million. The token broke above its first resistance at $1.458 and approached the next barrier near $1.475. A sustained move above that level could expose the $1.53 region; otherwise, PENDLE could remain inside the support and resistance channel that formed in late June, where two prior breakout attempts pulled back.

Momentum indicators pointed higher. The Money Flow Index stayed in bullish territory and continued moving toward the overbought region above 80, reflecting strengthening capital inflows, though readings in that zone can also attract profit-taking. The Parabolic SAR reinforced the picture by printing dots below the price, a pattern typically associated with an intact uptrend when it persists.

Fundamentals received a separate lift from Pendle's partnership with Curvance, which introduced additional utility for PT-AUSD. The protocol now allows PT-AUSD holders to borrow against their positions without unwinding them, enabling users to access liquidity while continuing to earn yield. Community sentiment tracked the announcement, with 96% of more than 36,000 participants expecting PENDLE to maintain its upward momentum.

The combination of the protocol update, rising volume, and improving technical structure has continued to support demand. Whether buyers can clear resistance near $1.475 remains the next decisive test for any broader breakout.