Post by DombaETH

Ultra Rare Opportunity for the Next Cycle: $PENDLE? 👀

Bullish thesis for $PENDLE:

1. 100% of the supply is already unlocked.
There are no more token unlocks that could create additional sell pressure.

2. Over 100M $PENDLE (36% of the total supply) is now staked - a new ATH.
More than one-third of the total supply is locked and not actively circulating in the market.

3. Buybacks are ongoing.
The protocol continues buying back $PENDLE from the open market, helping reduce sell pressure while maintaining demand.

Tighter supply + ongoing buybacks + no future unlocks = one of the most attractive tokenomics to watch this cycle.

Supply Shock Incoming?

My long-term view (2027-2029)

This is only my personal prediction, not financial advice.

My strategy is simple: buy on the spot market, and if price rallies significantly, take out the initial capital and let the remaining position ride.

To me, $PENDLE today feels similar to what $LINK looked like in its early days before its major expansion.

Short-term outlook

I think $PENDLE could retest the $1.30-$1.40 area.

If $BTC eventually bottoms around $59,000 or lower, then $PENDLE could revisit the $1.00 region to fill the previous FVG. If that scenario plays out, I’ll be watching that area closely.

For now, I’m focusing on the potential bounce, as $PENDLE still has a reasonable chance to revisit the $2.00 level.

During the previous bear market, $PENDLE traded around $0.20-$0.50, then rallied massively through 2024-2026. Even in the current bear market, it has shown notable relative strength.

So the question is…

Where could $PENDLE be in the next cycle?

Take some time to think about it.

The long-term narratives remain compelling: DeFi + RWA. Let’s watch how the story of $PENDLE unfolds over the coming years.