Pendle (PENDLE) has experienced a significant price increase, surging over 12% to exceed $2.45 amid a broader market recovery. The bullish sentiment is driven by technical indicators suggesting a potential breakout towards $6, alongside optimism about upcoming interest rate cuts. The token's recent inclusion in the Bloomberg Galaxy DeFi Index has heightened institutional interest, contributing to its upward momentum. Additionally, on-chain data reveals that Pendle generated over $16 million in fees in the past quarter, underscoring its growing role in the DeFi sector. Analysts are watching closely as Pendle aligns with renewed interest in yield-generating protocols.