PancakeSwap

Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PancakeSwap price prediction remains bearish for the long term until the crypto trades below $2.00.</a> </li> 
 <li> <span>2</span> <a>CAKE crypto price struggles to climb above the 50 day EMA.</a> </li> 
 <li> <span>3</span> <a>PancakeSwap price is stuck into the narrow range.</a> </li> 
</ul> 
<p>PancakeSwap price prediction is bearish. The chart showcases that consolidation is likely to continue for some more time.&nbsp;</p> 
<p>CAKE price is stuck in the narrow range between $1.300 to $1.800. It showed signs of base formation, but the possibility of upward range expansion remains low.&nbsp;</p> 
<p>PancakeSwap price is struggling to climb above the 50 day EMA indicating that the price is in a strong downtrend. If buyers succeed in climbing above the 50 day EMA, then there may be some relief.</p> 
<p>CAKE crypto witnessed a sudden spike in the buying volume and a simultaneous uptick in price. However, the price failed to hold the gains and sellers again pulled the prices down, which confirms that the recent up-move was speculative.&nbsp;</p> 
<p>PancakeSwap price is trading at $1.537 with an intraday decline of 0.77% at the time of writing. The 24 hour volume to market cap ratio is 18.11%.</p> 
<p>The pair of CAKE/BTC is trading at 0.000533 with an intraday rise of 0.57%. The price pattern of this pair is quite similar to the UST pairs. It indicates sellers are active on both the pairs and no signs of recovery are visible.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-pancakeswap-price-take-u-turn-strong"><strong>Will PancakeSwap Price Take U-turn?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/Fa6wK7HxHEdWj0rCf9k8540FGLI-vyFxDTjY5IyLxXHnzEdamXafwNNvyu8jpoLYdmp5o-wh35IhDpHgJVyaZTDctw9n6zx306pexxSjFdRwEr4uDHqv8j2_lh_8TvZcsmbCd-JlvYUm58q08QEXSQ" alt="PancakeSwap Price Prediction: Beware of Short Squeeze CAKE Crypto"> 
  <figcaption class="wp-element-caption">
    CAKE/USDT daily chart by <a href="https://www.tradingview.com/x/54UffbmV/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>PancakeSwap price prediction suggests a short term bounce is possible in the coming months. For the long term, <a href="https://www.thecoinrepublic.com/2023/07/30/pancakeswap-price-prediction-a-flag-in-the-cake-price/" target="_blank" rel="noopener noreferrer nofollow">CAKE crypto </a>is bearish. It seems some genuine investors exited the higher levels and lack confidence in the future outlook of this crypto.&nbsp;</p> 
<p>Till CAKE price trades below $2.00, any short term bounce back will be sold off. However, if the price breaks out of $2.00, then some positive recovery can be expected.&nbsp;</p> 
<p>PancakeSwap price seems to be in a strong bear grip. The possibility of taking a U-turn remains low. The technical analysis suggests CAKE price will soon retest the previous lows.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-cake-crypto-price-analysis-on-weekly-time-frame-strong"><strong>CAKE Crypto Price Analysis on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_98bec"></div> 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "BINANCE:CAKEBTC",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "dark",
  "style": "1",
  "locale": "en",
  "toolbar_bg": "#f1f3f6",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;Supertrend"
  ],
  "container_id": "tradingview_98bec"
}
  );
  </script> 
</div>  
<p>CAKE crypto price formed a long tail bearish rejection candle on the weekly time frame. The overall market is also turning bearish which might negatively impact investor sentiments.</p> 
<p>The MACD curve slopes sideways indicating that the price is likely to consolidate for some more time. The RSI at 52 sloping upward denotes neutral territory and a tight tug of war between buyers and sellers.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>PancakeSwap price prediction is bearish and no signs of recovery are visible. CAKE crypto is inside the bear grip so any short term up-move will face difficulty to hold the higher levels.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $1.800 and $2.000</li> 
 <li>Support levels: $1.400 and $1.300</li> 
</ul> 
<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. 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: Beware of Short Squeeze CAKE Crypto

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Thecoinrepublic.com

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