- CAKE crypto is in a downtrend at 2.2% during the intraday trading session.
- The 24-hour trading volume is at $294 million.
- CAKE/BTC pair is trading negative by 0.4% at 0.00050434 BTC.
The daily technical chart of CAKE crypto displays a minor downtrend. According to the pivot levels, the primary support level is $23.50. On the other side, if it rushes up, the resistance level to follow is $26.90. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.
The Zig-Zag framed a top of $44.27 on Apr 30. After that, investors can notice a massive correction of 76%, all the way low to $9.44. Now price levels are back around the range of $20 this week.
The volume of (1.709M) is below the MA of 20-days (3.725M). As a result, the volume is moderate, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The Schaff Trend Cycle indicator (bullish) with a 100 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward curve in the index.
PancakeSwap (CAKE) Crypto Gains 77% Within a Month
Today’s price of PancakeSwap is US$24.83, and the 24-hour trading volume is US$294,960,137. The price of CAKE has fallen -2.2% in the past 24 hours. The circulation of CAKE coins is 210 million, and the total amount is unlimited. STC indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price moves around the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $26.90
Support Level: $23.50