1
The PancakeSwap crypto bottomed out near the $2.3 level and edged higher to consolidate near the recent supply zone.
2
The Cake crypto was trading at $2.716 with an intraday loss of 1.23% (press time).
The PancakeSwap crypto is hovering above the 20 and 50-Day EMAs over the daily chart. The sellers are holding the grip for the last couple of sessions as the price closed in red on Tuesday and has been trading lower by Today’s evening session.
Moreover, the bulls are trying to sustain the price at the higher levels in order to break out of a correction phase. Also, the $2.85 level and $3 level are acting as the recent supply zones in the short term.
Earlier, the PancakeSwap crypto maintained a short term correction phase till the last week of January 2024 and dropped below the 20 and 50-Day EMAs. However, the price got support from the buyers near the previous breakout zone which resulted in the termination of further downfall.
The fai
We współpracy z: https://www.thecoinrepublic.com/2024/02/21/pancakeswap-crypto-consolidates-is-cake-preparing-for-a-jump/
