Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

mantra om crypto.png

MANTRA (OM): Understanding its wild ride and road to recovery

Candlestick

Trading

As a continuation pattern, a bear pennant indicates an extension of a strong downtrend. Learn how to spot the pattern and trade with it.

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 pattern that can help you spot strong downtrends in crypto. Crypto traders enjoy bearish pennant patterns because they’re easy to spot and, once identified, can tip you off to long and deep corrections. As a result, the pattern can also help you spot false bottoms.

In this article, we’ll review what a bear pennant pattern is, what it looks like and how to confirm the pattern with indicators. Then, we’ll review in detail how a trader sets up their trade with the risk and take-profit levels noted. Finally, the bear pennant pattern isn’t always 100% accurate, so we’ll review some of its limitations.

A bear pennant is a chart trading continuation pattern in which, after a strong move lower, prices pause and consolidate briefly, then break down further, resuming the larger correction. 

The pattern gets its name from the consolidation, which often looks like a pennant as prices wedge together before breaking down further. The bear pennant pattern is the opposite of the bull pennant chart pattern.

A bear pennant is formed when a cryptocurrency falls significantly, yet buyers believe it’s not inexpensive enough yet. The buyers hold out and don’t buy. The traders who are short become nervous and exit the position by buying it back. As a result, the crypto’s price increases a little, but on weak volume. 

Over time, the volume during this consolidation period tends to be weak. The cryptocurrency seems to mindlessly bounce within a range, making no progress. After a short period of time, the buybacks cease and the trading volume tends to fall as the last traders are shaken out. When volume fades, the sellers show up again and continue to push the market lower, resuming its downtrend.

A bear pennant has a lot of similarities to a 

 in technical analysis. Both patterns are consolidating a downtrend, which then leads to a further break lower in price. However, there’s a slight difference in their shape. The bear flag has a rectangular look in the consolidation phase, while the bear pennant resembles a triangle.

Analysts debate whether the bear pennant or bear flag is the more powerful pattern. On the one hand, the triangular shape of the bear pennant suggests there are hardly any buyers in the market, which tends to lead to shorter consolidation periods. On the other hand, the rectangular shape of the bear flag is effective at “faking out” potential buyers, trapping them into selling as the downtrend picks up momentum.

The debate will continue, but make no mistake: both patterns point to strong bearish downtrends coming. 

There are three phases to a bear pennant. The crypto market will experience a large, strong and deep correction. Oftentimes, the correction will appear relentless, as if it won’t stop (point 1 in the below diagram).

Then, all of a sudden, the downtrend stops, and a small rally begins to develop. Unfortunately, the rally doesn’t have a lot of strength or volume to sustain it and quickly fades away. At this point, the rally has retraced less than 1/3 of the decline, and definitely remains in the lower half of the original decline (point 2).

The short-term rally soon fades to another correction. The decline is as weak as the rally and the cryptocurrency begins to trade in a sideways range. There’s one distinctive feature of this sideways movement: the upper and lower boundaries of the range become compressed as time passes. When you draw trend lines along the outer edges of the consolidation, they converge to form the shape of a contracting triangle (point 3).

This triangle is critical to defining the pattern, which leads to a strong continuation lower. During this consolidation, trading volume contracts as well. The fight between the bulls and the bears looks more like a truce: both bulls and bears simply don’t show up anymore and stick with their positions as the consolidation drags on. At this point, the pattern looks like a triangle on the bottom of a stick, and the bearish trade is set up.

Eventually, the consolidation leads to a breakout lower as the sellers come back in full force, just as strong as they were in the initial correction (point 4). This is partly due to the buyers who thought they were buying cheaply: now, they have to turn around and sell in a strong down-trending market. The imbalance of sellers versus buyers is so large that price readjusts rapidly lower. Sometimes, the length of the secondary downtrend can be as large as the first correction, where the consolidation marks the midpoint of the entire decline. 

The best indicators to confirm a bear pennant are its shape, as well as where the pattern forms within the previous downtrend. There are some additional indicators that can be used to help confirm the bear pennant, but those indications may not be the most accurate. A correct bear pennant pattern should have a contracting triangle shape rather than a rectangle shape.

We previously discussed how the shape of the bear pennant must be a triangle at the bottom of a stick. The triangle portion of this pattern has to appear in the lower half of the stick, most likely within the lower third of it.

The duration of the triangle will be brief, as the market is getting ready to unload in a deeper correction.

Volume can provide a big clue about the validity of the bear pennant pattern. Usually, the initial decline occurs on a lot of trading volume. Then, as the cryptocurrency consolidates during the triangle pennant portion of the pattern, the volume will fall as both buyers and sellers stand aside.

As the triangle completes, volume tends to pick up again as the market corrects towards much lower levels. Remember, trends tend to follow volume. Therefore, a consolidation on weakening volume suggests the rally is likely temporary, and will be completely retraced.

When a cryptocurrency is in a fast trend, volatility tends to pick up. We can measure the volatility as a function of the high and low of each price period, which is called a range. When the range expands, it indicates volatility is on the rise and that the cryptocurrency is likely to trend in a specific direction. When the range falls, it indicates consolidation is likely taking place with little net movement.

To determine if the range is expanding or contracting, add the 

 (ATR) indicator to the bottom of your charts with a one-period setting. If the subsequent line on the chart is rising, that indicates increased volatility. If the line is falling, it suggests decreasing volatility.

Once you’ve identified a bear pennant, congratulations — because you’ve completed one of the toughest parts to trading the pattern. The subsequent trade can be rewarding, as the setup is quite simple and fairly straightforward.

Identifying a Bear Pennant Pattern on a Crypto Chart

After a long and steep rally, ETH topped in May 2021 and began to collapse. In about one week’s time, ETH corrected 25% to the low on May 16. This steep correction was the first phase of the bear pennant pattern. Let’s refer to the chart below.

ETH then briefly rallied off the low, but the rally didn’t last long or extend very far. The ETH rally retraced 38% of the May downtrend, placing it in the lower portion of the sell-off.

Ethereum begins to chop around sideways, making no progress either to the upside or downside. This sideways chop occurs on contracting volume. The candlestick ranges contract. The trend lines shaping the outer edges of the pattern contract, too.

This formation creates an ideal setup for a bear pennant trade.

After spotting the pattern, it’s time to plan the trade’s entry.

The easiest entry point is the lowest point of the pattern. Set an entry order to sell short if the market falls to new lows. Placing an entry at the pattern’s low point allows you to confirm that ETH is ready to trade to lower levels. If it does, you tend to see an explosion lower, leading to another large downtrend. 

The stop loss will be placed above the pattern near the recent highs. 

The best place for a stop loss is just above the 

 of the pattern. That way, if ETH does rally above the resistance line, then the bear pennant pattern is voided, suggesting another pattern has been unfolding.

On many occasions, the bear pennant is at about the halfway point of the decline. You can simply measure out the first decline, then project it at the end of the bear pennant near the last touch of the resistance trend line. The 

 is very handy for helping you measure out situations like these.

For ETH in the chart above, this places a take-profit target near $2,300.

In fact, a few days later ETH did fall hard, bottoming at $1,850.

Pennant Patterns vs. Triangle Patterns: Differences 

What’s the difference between pennant patterns (bullish and bearish) and triangle patterns? At first glance, they’re very similar and overlap in a lot of areas. The pennant pattern does include a triangle-like shape during the consolidation phase. However, the main difference is what happens before and after the triangle — and how long the triangle itself lasts.

Leading into the bearish pennant pattern, there’s a deep and strong correction. Then, the pattern consolidates into a triangular formation. However, with a regular triangle pattern, there doesn’t have to be a strong trending move preceding the triangle.

Secondly, after the triangle in a pennant pattern forms, it’s very clear in which direction to expect the pennant to break. It will break in the direction of the preceding trend, which — in the case of a bearish pennant — is to the downside. With a regular triangle, the breakout might happen to the upside or downside.

The third main difference between a pennant pattern and a triangle pattern is how long they last. The triangle portion of a pennant tends to be shorter in duration than that of a typical triangle pattern. The swiftness of the pennant’s triangle happens because the emotions of the correction are high, and traders aren’t buying into the consolidation of the downtrend 

. In contrast, a regular triangle pattern can last years, and be preceded by small trends.

An effective pennant can tip you off to a powerful trend with a good risk-to-reward ratio trade. However, not all developing pennants are 100% accurate.

If the triangle consolidation phase becomes prolonged, then the possibility of a continuation lower lessens. This means the likelihood of an outright reversal increases, which can frustrate bearish traders.

One way to avoid this frustration is to wait for a breakdown below the lows of the triangle, rather than trying to time a short sell entry at the triangle’s high.

Another limitation of the bear pennant pattern is that if you follow it on a minute chart, the data coming in from other confirming indicators may be flawed. There simply isn’t enough data feeding into the volume or ATR indicator to produce obvious signals. As a result, a smaller chart time frame may not show confirmation of the pattern, even if it eventually plays out.

The bear pennant pattern is an easy-to-spot pattern that’s simple to trade. The structure of the pattern and the indicators that confirm it is simple to follow. Once spotted, the subsequent trades can establish excellent risk-to-reward ratio opportunities.

As a result of this simplicity, the bear pennant pattern is a favorite among crypto traders. 

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

Bear Pennant: How to Trade with a Bearish Chart Pattern

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Bear Pennant: How to Trade with a Bearish Chart Pattern

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