Cryptoprice.ng logo Cryptoprice.ng logo
Cryptopolitan 2021-09-23 08:47:32

PancakeSwap Price Analysis: CAKE spikes from $17 to $20, regains Wednesday losses

TL;DR Breakdown PancakeSwap price analysis is bullish today.CAKE/USD saw a slight retracement today.PancakeSwap is attempting to retest $23 resistance PancakeSwap’s current price analysis is bullish, as a new higher low was established today above $22, and bulls are presently pushing the market higher. As a result, we anticipate the $23 resistance to break later today, allowing CAKE/USD to create a new high. Cryptocurrency heat map. Source: Coin360 Over the last 24 hours, the cryptocurrency market has been in good shape. Bitcoin is up 3.5%, while Ethereum is up 6.73%. Dogecoin, on the other hand, has had a spectacular day, increasing by 11% and outperforming all other cryptocurrencies. PancakeSwap price movement in the last 24 hours: PancakeSwap retraced to set a higher low at $22 The price of TREE/USD changed in a range of $21.88 to $22.72 throughout the day, demonstrating little volatility during the previous 24 hours. Trading volume was roughly $269.9 million, down by 19 percent from yesterday, as the market capitalization is around $5.5 billion and places the coin in 32nd CAKE/USD 4-hour chart: CAKE looks to break $23 On the four-hour chart, we can see that bulls have gained momentum over the previous hours as the PancakeSwap attempts to break past $23 resistance.CAKE/USD 4-hour chart. Source: TradingView The Pancakeswap’s price volatility has been high in recent weeks. On September 7th, CAKE/USD dropped drama...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer