PancakeSwap climbs over 9% to trade at $3.89.
CAKE’s trading volume jumps by more than 135%.
After a brief 1.49% spike in the crypto market, the new trading day began with a recovery attempt. Most of the digital assets have been brought into the green zone, with some still in the red zone. The assets, like Bitcoin, Ethereum, and BNB, have emerged as the trending coins with modest gains. Among the altcoins, PancakeSwap (CAKE) sees a recovery of over 9.14% in the last 24 hours.
In the early hours, CAKE traded at its bottom range of $3.56. With the bullish correction in the price action, the asset has climbed to a high of $4.04. To confirm the uptrend, it has to test and break the crucial resistance levels between $3.60 and $4.00. The CMC data reveals that PancakeSwap trades at around $3.89.
The asset’s market cap is staying at $1.33 billion, with the daily trading volume having exploded by over 135%, currently reaching the $716.42 million mark. In addition, the ma
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