Best Wallet (BEST) Token Pumps 6% as Whales Accumulate Ahead of Launch

The Best Wallet (BEST) token pumped 6% in the last 24 hours to trade at $3.00 as of 1:24 a.m. EST on trading volume that surged 26% to $118 million.

The price of Pendle (PENDLE) has risen by 6% in the last 24 hours to trade at $3.00 as of 1:24 a.m. EST on Monday morning. The increase in price comes as the 24-hour trading volume rises by 26% to $118 million.

According to Lookonchain, there has been an increase in the number of whales accumulating PENDLE tokens.

Five newly created wallets withdrew a total of $2.66 million PENDLE, valued at $7.9 million, from Binance over the past five days.

Whales are accumulating $PENDLE!

5 newly created wallets withdrew 2.66M $PENDLE($7.9M) from #Binance in the past 5 days.

Address:0x21fBA58b20f62397c015bc1f5a15f742ad430dFA0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5

0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3 ...

— Lookonchain (@lookonchain) April 2, 2025

Can this new interest push the price of Pendle higher?

The price of PENDLE has fallen significantly after reaching a high of around $8.18. The price of Pendle fell to around $2.10, which coincides with the 0.786 Fibonacci retracement level and acted as a support zone.

After this correction, the price of Pendle rebounded, and it is currently being traded at $3.00 as it tries to recover some of the losses, according to GeckoTerminal.

The price of Pendle is now encountering resistance in the vicinity of the 0.618 Fibonacci level, which is located at $3.40. This domain will be a crucial battleground for the bulls, as breaking through it could ultimately confirm a trend reversal.

However, a failure to breach this resistance may result in retesting the lower support levels.

The 50 Simple Moving Average (SMA) on the 3-day chart is positioned at $4.11 and lies above the current Pendle price, suggesting the asset is still in a short-term downtrend. The 200 SMA is at $3.28 and is closer to the current price, making it a significant resistance level to watch. A decisive move above this level could indicate a bullish shift.

The Relative Strength Index (RSI) stands at 48.16, indicating neutral momentum. It is neither in overbought nor oversold territory, implying the market could swing in either direction depending on volume and sentiment.

The MACD (Moving Average Convergence Divergence) histogram shows a slight bullish crossover, with the blue MACD line at 0.1084 moving above the orange signal line at -0.3579. This suggests early bullish momentum, but more decisive price action is needed to confirm it.

If the price of PENDLE manages to move above the $3.40 level (0.618 Fibonacci), the next key resistance would be around $4.13 (0.5 Fibonacci) and then $5.23 (0.382 Fibonacci).

A breakout above these levels could lead to a strong recovery toward the $6.36 resistance zone, which previously acted as a major supply level.

On the downside, if the price of Pendle fails to break through the $3.28-$3.40 resistance zone, it could retest the $2.10 support level (0.786 Fibonacci). A breakdown below this level would put the asset at risk of further declines toward the $1.50-$1.80 range.

In other news, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.

Best Wallet Presale Heads Towards $12 Million – Next Big Crypto?

Best Wallet is rapidly emerging as a top choice for those entering the cryptocurrency market, and its presale has already surged past $11.5 million.

The wallet supports more than 60 blockchains and features a built-in DEX, presale aggregator, and crypto debit card. Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.

Among the many features of Best Wallet, one is gaining outsized interest from investors