PancakeSwap Technical Analysis: Bulls Gain by 7.83%

Technical Key Point PancakeSwap rise by 7.83% Cake is currently trading at $4.77 PancakeSwap Past Performance PancakeSwap’s price has increased by 7.83% in the last 24 hrs, and its volume of trading is $168,344,066.42. The highest price in the last 24 hours was $4.84 while the lowest was $4.34, a difference of $0.50 or 11.77%. PancakeSwap’s price is currently $4.77, which is 5.37% higher than its all-time low of $4.51 on March 25th. Looking at the PancakeSwap chart below, we can see that it has had an impressive run since mid-March, when it bottomed out at $4.51. From there, it has steadily climbed to its current price of $4.77, which is a new all-time high. Source: Trading view Cake Technical Analysis According to CAKE technical analysis, the coin is facing immediate resistance near $4.80 and $5.00. Above this, the next major hurdle for buyers lies near the $5.20 level. A successful close above the $5.20 level could lead the price towards the $5.50 level in the near term. On the downside, there is major support forming near the $4.60 level. If there is a downside break below the $4.60 support, the price could decline towards the $4.40 level. The next key support below $4.40 is near the $4.20 level. The RSI indicator is currently well above the 46 levels, with a bullish angle. This suggests that there is upside momentum in the market. The MACD indicator on the daily chart is currently gaining traction in the bullish zone. as t...