- The CAKE coin price is neutral, around 0.8% during intraday.
- The 24-hour trading volume is at $170 million.
- CAKE/BTC pair is trading negative by -2.0% at 0.00034278 BTC.
The daily technical chart and price action of CAKE coin show a bullish trend. Focusing on the pivot point, the first support zone is 15.55 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 25 USDT. Therefore, the chart created a bullish harami candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength.
The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost sustains below the red ribbon. This guarantees a downtrend in CAKE until it is below the ribbon.
Trading volume (930 K) is below the 20-day moving average (2.95 M). The volume is low and increasing, so the cost is below the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.
The CCI indicator gave a signal (bearish) with -20, projecting a sell signal in the currency. Investors can observe a declined slope from 55 to -20. It can arise in future trading sessions.
Long-Term Perspective of CAKE Coin Price Trend
The weekly technical chart and price trend of CAKE coin show a bullish trend. Based on the pivot levels, the support zone is 10 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 50 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.
So, PancakeSwap is priced at $19.41 today and has a 24-hour trading volume of $170,332,377. The price of CAKE has risen 0.8% in the last 24 hours. It has a circulation of 230 million CAKE coins and a total of infinite. The RSI points to a buy signal, and the traders have prompted low volume. In fact, the cost struggles below the pivot levels. Similarly, the general outlook for the market is that the pattern will remain sideways over the following trading days.
Resistance Level: $25 & $50
Support Level: $10 & $25.0