Pendle finally breaks down

Pendle has finally broken down out of the channel to the downside. The token held on much longer than I thought it would. People are likely rotating these huge profits into safety (stables, eth, btc). A test of the golden fib would be our first area of inflection here. This could also just be a quick leveraged washout that goes right back into the channel. I believe we see a logical slow correction between 2.4-2.8$ here.