- The CAKE token price slips below the 55-EMA following with a death cross during intraday
- The 24-hour trading volume is at $457 million.
- CAKE/BTC pair is trading negative by -2.9 at 0.00030331 BTC.
On the daily price chart of CAKE token, The Moving Average (EMA), which includes the 8,13,21,55 EMA, acts as reliable support for currency price movements. Investors may notice price moves below the yellow line, ensuring CAKE uptrend until the price resides below the EMA’s.
Trading volume (2.583 M) is close to the 20-day moving average (3.489 M). The volume is moderate and increasing, so the cost is struggling to break above. Investors may also notice a reduction in volume. This indicates that unusual fluctuations are standard on the following trading days.
CAKE Token Needs To Hold Above The Support Zone
CAKE token daily price charts show a sideways trend. Based on the price action, the support range is $18. On the flip side, the resistance area that you should be looking for is $25.Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI showed a 41 (bearish) signal, Expecting to sell in the short term. Investors may find that the RSI line is sloping up on the indicator. It may arise in the coming trading days.
The MACD shows a (bearish) cross below the signal line on October 26th, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.
Conclusion
PancakeSwap is currently trading at $18.58 with a 24-hour trading volume of $474,405,569. Foot prices have increased 2.5 percent in the past 24 hours. There are 240 million cake coins in circulation, and there is a total supply of unknown.
RSI shows, and MACD indicates a buy signal. Traders have directed moderate volume. In fact, the cost has reached the support zone. A market overview also shows that this pattern will continue to fall in the coming trading days.
Resistance Level: $25
Support Level: $18