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Cryptopolitan 2021-09-22 02:24:29

PancakeSwap price analysis: Price returns to $20 after recovering from a flash crash

TL;DR Breakdown The PancakeSwap price analysis show, bulls are on their way towards recovery.Price has joined the $20 position today.Support is placed at $18.55 for now. The PancakeSwap price analysis is showing signs of recovery after a prolonged battle. The past few weeks have been extremely deterrent for the coin value as the bearish momentum has been at its heights. however, the trend has changed today as the bulls are trying to make way for taking the price above $20. The price is to follow bullish momentum for the upcoming days as well given the number of buyers interested increases. CAKE/USD 1-day price chart: Bears sidestep as bulls override the bearish growth The one-day price chart for PancakeSwap price analysis is showing us that the trends are changing their direction since the bulls are trying to make way for recovery. The price has now reached the $19.95 level, after enduring a massive loss. The moving average (MA) is at a better standing i.e. $21, as the past week has seen certain bullish retraces as well. Also, the decreasing volatility is indicating that the future holds better opportunities for the buyers. CAKE/USD 1-day price chart. Source: TradingView The Bollinger bands have reached the following positions; the upper band is present at the $25.13 level whereas the lower band is now present at the $18.00 level. The Relative Strength Index (RSI) score has improved as well as it now at a relatively average ...

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