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CAKE price has breached the trendline support zone of $3, showing a negative outlook.
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Technical indicators suggest further price correction.
The CAKE price is below the key moving averages and depicts lower low swings delivering a bearish outlook. Moreover, the price action shows that the PancakeSwap token price has breached the crucial support zone of $3 and is trading in the bearish region. Recently, the token has registered a breakout of the rounding bottom pattern and reached the cliff of $5. Afterward, due to the negative market sentiments, slow & steady buyers have lost over 40% of gains and retested the origin.
At press time, the PancakeSwap token (CAKE) price traded at $2.75 with an intraday surge of 2.11%, reflecting neutrality on the charts. It has a monthly return ratio of -40.20% and 1.10% yearly. The pair of CAKE/BTC is at 0.0000432 BTC, and the market cap is $4.55 Billion. Analysts are neutral and suggest that the CAKE
We współpracy z: https://www.thecoinrepublic.com/2024/04/28/cake-price-prediction-will-cake-extend-the-down-move-to-2-mark/
