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Pendle Price Breaks Below $2? Arthur Hayes Flee Signals Bigger Drop Ahead

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Summary
Nutrition label

65% Informative

BitMEX founder Arthur Hayes recently sold 350,000 PENDLE tokens at a loss, totaling $1.26 million .

The formation of an inverted flag hints at a temporary recovery for Pendle price before the next downfall.

A bullish breakout from the 200-day EMA could invalidate the bearish thesis and drive further rally.