- CAKE coin price is in an upward trend and fighting to break through 200-MA during intraday trading
- Pancake’s 24-hour trading volume is $289.119 Million
- CAKE/BTC pair is trading positive by 3.20% at 0.0003908 BTC
The daily technical chart of CAKE coin price is trying to breach above 200-MA. According to the pivot point, the significant support level for CAKE is $10.50. Nevertheless, if it makes a move above, the key resistance level to be aware of is $24.10. In addition, the chart shows three white soldier’s candlestick pattern, which indicates bullish control over price movements.
Moving average (MA) composed of 50,100,200-MA can be a reliable support for currency price changes. Investors can observe that the price is fighting to break above the yellow line. The beginning of a positive trend can be marked in CAKE if the price breaks and stays above the MA-200.
Stochastic RSI (bullish) with a value of K-75 D-54 presents a buy signal in the coin. Investors may observe an inclining slant and a positive intersection in the index. It may reside in a positive region for forthcoming trading sessions.
The volume of (79.41K) is displayed below the 20-day moving average (401.623K). Traders are exerting a very low buying force to guide their price levels into a favorable position. Investors may also observe a drop in volume on the chart, which indicates that a big move is expected soon.
Pancake (CAKE) Coin Needs a Daily Closing Price Higher Than $13.82 to Start a New Rebound
The trading price of CAKE coin is $13.70, with a daily gain of 3.70% and a weekly loss of 10.0%. In contrast, the price recovered from the support level and is trying to breach above 200-MA. The Stochastic RSI indicator shows a buy signal, and the trading volume is very low. Technically, the price shows strength and is testing 200-MA. Therefore, the current trend remains bullish. Based on the overall market sentiment, the price may sustain above the $13.60 MA-200 and gradually move towards the resistance in the next few days.
Resistance: $24.10
EMA-200: $13.60
Support: $10.50