Pendle looking to break consolidation

Pendle is looking to break consolidation to the upside on the bullish BTC price action. RSI is reaching for a breakout of contraction. Volume had a meaningful reset. With the Ethereum price action I expect the arbitrum ecosystem to maintain this bullish momentum. This next fib is my next price target and should resolve soon, if flipped to support, ATH is on the horizon (the gray fib). Once we are in price discovery, this becomes a lot harder to chart. We are sitting right after a bounce off the center moving average of the Bollinger band, this token is not overheating and is looking for another leg up. A local demand was updated for additional support if a breakdown occurs.