PancakeSwap

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PancakeSwap is trading at $1.50 while seeing a fall of 28% in the 24-hour trading volume (press time).</a> </li> 
 <li> <span>2</span> <a>PancakeSwap price recorded a fall of 1.80% in the last 24 hours.</a> </li> 
</ul> 
<p>PancakeSwap price prediction suggests that CAKE’s price is moving under the bear’s influence. The price recently saw a sharp decline in its value after breaking below its support zone around with a bearish marubozu candle which announced the arrival of bears with strong momentum.</p> 
<p>The major cryptocurrencies in the overall market are taking a bearish turn; which may cause the price to reflect overall market sentiments. The PancakeSwap is seeing a severe fall of 63% in its value over the past 3 to 4 months. After the downturn, there is a decline in the buying and selling pressure.</p> 
<p>At present, the PancakeSwap price prediction indicates that there is a decline in trading volume. It is moving within a wedge making a flag and pole pattern. The investors might wait for a breakout to be made before deciding on the direction of a trend.</p> 
<h2 class="wp-block-heading" id="strong-decrease-in-bullish-levels-of-pancakeswap-crypto-strong"><strong>Decrease In Bullish Levels Of PancakeSwap Crypto</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/MgeSSNMdJyY55CeijujOOFWUt9udYj__K2NvLWzqQgydFRTfxW368C31STEWkzqk256AOBgC9oR5xRh58Ae9vGdRpmRDPQqvQVNDRftSRxwwkUNemjDXcd9nMcsSA5kqUGBsQLKWctJepros6s1Et_g" alt="PancakeSwap Price Prediction: A Flag In The CAKE Price"> 
  <figcaption class="wp-element-caption">
    Source: PancakeSwap/USDT by LunarCrush 
  </figcaption> 
 </figure> 
</div> 
<p>The total bullish sentiment metric is up by 75.78%. Overall social engagement level has also surged by 61.22% whereas a fall in the 24-hour trading volume of 28.38% indicates an increase in trading activity.</p> 
<p>The overall metrics in the LunarCrush platform are performing well which suggests that the potential buyers in the community are bullish regarding PancakeSwap. The sentiments of investors in the community are positive.</p> 
<h2 class="wp-block-heading" id="strong-pancakeswap-price-prediction-technical-analysis-on-daily-timeframe-strong"><strong>PancakeSwap Price Prediction: Technical Analysis On Daily Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/z8qmvl643biT44_LHsB-4yeohllmb4UxVbVZvNAf64dJN94tbrqdgmkYVBI09ctlP3QjAt3RtoNmTZ_C14v4Nr7zHurMRmTAHprDcm1bAHj2GwkExALFo8us5TR8K6L84aMqPzWxaJU6n_AOeFwzMsg" alt="PancakeSwap Price Prediction: A Flag In The CAKE Price"> 
  <figcaption class="wp-element-caption">
    Source: PancakeSwap/USDT by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/11/pancakeswap-price-prediction-will-cake-price-drop-from-here/" target="_blank" rel="noopener noreferrer nofollow">PancakeSwap</a> price prediction suggests that the token is presently majorly undervalued compared to the price it was trading, in the last few months. Despite being in the demand level, the price is yet to give any bullish indication. According to the price action, the PancakeSwap price is on the verge of breaking out.</p> 
<p>The relative strength index (RSI) line is consolidating. The current value of the RSI is 48.85 points and the value of the 14-day SMA is 48.85 points. The RSI line is taking constant resistance from the median line and may decline.</p> 
<p>At present, the stochastic RSI is above the neutral value though %K and %D line can provide a negative interception. The value of the stochastic RSI is 52.74 points.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>As per the PancakeSwap price prediction, the major cryptocurrencies in the overall market are taking a bearish turn; which may cause the price to reflect overall market sentiments. The token is presently undervalued, however, a reversal is yet to be made.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p><strong>Support –</strong>$1.50</p> 
<p><strong>Resistance – </strong>$3.00</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong>:</h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

PancakeSwap Price Prediction: A Flag In The CAKE Price

Table of Contents

Thecoinrepublic.com

Other articles published on Jul 30, 2023

Top Ripple Execs Spark Controversial Debate Over XRP and Taxes

Cardano’s Mithril Goes Live: Why This Could Spark a Massive ADA Breakout

AI Revolution Beckons: Borroe and Stellar Step into Limelight

Launch of Memecoin Pond0x Leads to Multi-Million Dollar Losses for Investors

XRP Price Prediction 2023 – 2025: When Will XRP Price Hit ATH?

TAP Stock (NYSE: TAP) Shows Breakout Above $60 Gaining Strength

Join our free newsletter for daily crypto updates!