Pendle: 70% Cheaper Base Stock Longs vs Hyperliquid

Jesse Pollak noted that Pendle lets traders long Base tokenized stocks at up to 70% lower cost than on Hyperliquid, using the prior twelve months of funding data as reference.

Price sits at $1.65 beneath both the EMA50 at $1.83 and EMA200 at $2.06, confirming the bearish structure while the MACD death cross at -0.02 keeps downside pressure intact. With the market testing the lower Bollinger band near $1.69 and RSI at 33 remaining neutral, the setup points to continued compression against that support before any relief toward the $1.84 upper band becomes viable.