Enjin Coin

PancakeSwap

Resistance

Status

Time

<ul> 
 <li><strong>Bullish CAKE price prediction for 2024 is $2.915 to $4.150.</strong></li> 
 <li><strong>PancakeSwap (CAKE) price might reach $5 soon.</strong></li> 
 <li><strong>Bearish CAKE price prediction for 2024 is $1.463.</strong></li> 
</ul> 
<p>In this PancakeSwap (CAKE) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2024, 2025-2030, we will analyze the price patterns of CAKE by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>PancakeSwap (CAKE) Current Market Status</li>
      <li>What is PancakeSwap (CAKE)?</li>
      <li>PancakeSwap (CAKE) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      PANCAKESWAP (CAKE) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>PancakeSwap (CAKE) Support and Resistance Levels</li>
      <li>PancakeSwap (CAKE) Price Prediction 2024 — RVOL, MA &amp; RSI</li>
      <li>PancakeSwap (CAKE) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of CAKE with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>PANCAKESWAP (CAKE) PRICE PREDICTION 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-pancakeswap-cake-current-market-status">PancakeSwap (CAKE) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$2.82</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">1.21% Up</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$114,729,207</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$655,911,856</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">233,884,158 CAKE</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$44.18 (On Apr 30, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.0002318 (On Sep 29, 2020) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   CAKE Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/pancakeswap/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-pancakeswap-cake">What is PancakeSwap (CAKE)</h2> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>CAKE</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>BNB Smart Chain</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>Decentralize Exchange</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>September 2020</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, Fast Transactions, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>PancakeSwap, a <a href="https://thenewscrypto.com/defi-protocol-dforce-exploited-of-3-65-million-by-hacker/" target="_blank" rel="noreferrer noopener">decentralized finance</a> (DeFi) protocol launched in 2020, operates as an automated market maker (AMM) on the Binance Smart Chain. It facilitates token trading and liquidity provision through user-contributed funds, rewarded with liquidity provider (LP) tokens. With <a href="https://thenewscrypto.com/tag/pancakeswap/" target="_blank" rel="noreferrer noopener">features</a> like token swaps, liquidity provision, farming, staking, perpetual trading, lottery, NFT marketplace, and launchpad, PancakeSwap offers a comprehensive DeFi experience. Users can also farm CAKE and SYRUP tokens, with SYRUP serving as a governance token within the exchange.</p> 
<h3 class="wp-block-heading" id="pancakeswap-24h-technicals-br">PancakeSwap 24H Technicals<br></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="423" src="https://thenewscrypto.com/wp-content/uploads/2024/02/image-71-1024x423.png" alt="" class="wp-image-91745" srcset="https://thenewscrypto.com/wp-content/uploads/2024/02/image-71-1024x423.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-71-300x124.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-71-768x317.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/02/image-71.png 1245w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>(Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-pancakeswap-cake-price-prediction-2024">PancakeSwap (CAKE) Price Prediction 2024</h2> 
<p>PancakeSwap (CAKE) ranks 105th on CoinMarketCap in terms of its market capitalization. The overview of the PancakeSwap price prediction for 2024 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/DCu6Hmh2/" alt="">
  <figcaption class="wp-element-caption">
   <em>CAKE/USDT </em>Descending Channel <em>Pattern (Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>In the above chart, PancakeSwap (CAKE) laid out a Descending Channel. Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.</p> 
<p>At the time of analysis, the price of PancakeSwap (CAKE) was recorded at $2.794. If the pattern trend continues, then the price of CAKE might reach the resistance levels of $4.032 and $10.920. If the trend reverses, then the price of CAKE may fall to the support of $2.4344 and $1.086</p> 
<h2 class="wp-block-heading" id="pancakeswap-cake-resistance-and-support-levels">PancakeSwap (CAKE) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of PancakeSwap (CAKE) in 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/xYSDHMBf/" alt="">
  <figcaption class="wp-element-caption">
   <em>CAKE/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of PancakeSwap (CAKE) for 2024.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$2.915</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$4.150</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$2.083</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$1.463</td>
   </tr>
  </tbody>
 </table>
 <figcaption class="wp-element-caption">
  <em>CAKE Resistance &amp; Support Levels</em>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="h-pancakeswap-cake-price-prediction-2024-rvol-ma-and-rsi">PancakeSwap (CAKE) Price Prediction 2024 — RVOL, MA, and RSI</h2> 
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of PancakeSwap (CAKE) are shown in the chart below.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/toK95R2G/" alt="">
  <figcaption class="wp-element-caption">
   <em>CAKE/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the readings on the chart above, we can make the following inferences regarding the current PancakeSwap (CAKE) market in 2024.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $2.775<br>Price = $2.809<br><em>(50MA &lt; Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>62.066<br><em>&lt;30 = Oversold<br>50-70 = Neutral</em><br><em>&gt;70 = Overbought</em></td>
    <td>Neutral</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-pancakeswap-cake-price-prediction-2024-adx-rvi">PancakeSwap (CAKE) Price Prediction 2024 — ADX, RVI</h2> 
<p>In the below chart, we analyze the strength and volatility of PancakeSwap (CAKE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/nbnmpiyf/" alt="">
  <figcaption class="wp-element-caption">
   <em>CAKE/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a>)
  </figcaption>
 </figure>
</div> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of PancakeSwap (CAKE).</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>17.779</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>70.12<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>High volatility</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="comparison-of-cake-with-btc-eth">Comparison of CAKE with BTC, ETH</h2> 
<p>Let us now compare the price movements of PancakeSwap (CAKE) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/CVWeuYP4/" alt="">
  <figcaption class="wp-element-caption">
   <em>BTC Vs ETH Vs CAKE Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/CAKEUSDT/" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the above chart, we can interpret that the price action of CAKE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CAKE also increases or decreases respectively.</p> 
<h2 class="wp-block-heading" id="h-pancakeswap-cake-price-prediction-2025-2026-2030">PancakeSwap (CAKE) Price Prediction 2025, 2026 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of PancakeSwap (CAKE) between 2025, 2026, 2027, 2028, 2029 and 2030.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2025</td>
    <td>$7</td>
    <td>$1.45</td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2026</td>
    <td>$9</td>
    <td>$1.85</td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2027</td>
    <td>$10</td>
    <td>$2.01</td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2028</td>
    <td>$13</td>
    <td>$2.52</td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2029</td>
    <td>$17</td>
    <td>$2.28</td>
   </tr>
   <tr>
    <td>PancakeSwap (CAKE) Price Prediction 2030</td>
    <td>$20</td>
    <td>$3.62</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>If PancakeSwap (CAKE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish PancakeSwap (CAKE) price prediction for 2024 is $4.150. Comparatively, if unfavorable sentiment is triggered, the bearish PancakeSwap (CAKE) price prediction for 2024 is $1.463.&nbsp;</p> 
<p>If the market momentum and investors’ sentiment positively elevates, PancakeSwap (CAKE) might hit $5. Furthermore, with future upgrades and advancements in the PancakeSwap ecosystem, CAKE might surpass its current all-time high (ATH) of $44.18. and mark its new ATH.</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is PancakeSwap (CAKE)?</h4> 
<p>PancakeSwap(CAKE) is the native utility token of PancakeSwap. PancakeSwap is a decentralized exchange (DEX) native to the Binance Smart chain.</p> 
<h4 class="wp-block-heading">2. Where can you buy PancakeSwap (CAKE)?</h4> 
<p>Traders can trade PancakeSwap (CAKE) on the following cryptocurrency exchanges such as &nbsp;Binance, Bybit, Bitunix, DigiFinex, and Bitrue.</p> 
<h4 class="wp-block-heading">3. Will PancakeSwap (CAKE) record a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the PancakeSwap platform, PancakeSwap (CAKE) has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of PancakeSwap (CAKE)?</h4> 
<p>PancakeSwap (CAKE) hit its current all-time high (ATH) of $44.18 on April 30, 2021.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of PancakeSwap (CAKE)?</h4> 
<p>According to CoinMarketCap, CAKE hit its all-time low (ATL) of $0.0002318 On September 29, 2020.</p> 
<h4 class="wp-block-heading">6. Will PancakeSwap (CAKE) hit $5?</h4> 
<p>If PancakeSwap (CAKE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.</p> 
<h4 class="wp-block-heading">7. What will be the PancakeSwap (CAKE) price by 2025?</h4> 
<p>PancakeSwap (CAKE) price might reach $7 by 2025.</p> 
<h4 class="wp-block-heading">8. What will be the PancakeSwap (CAKE) price by 2026?</h4> 
<p>PancakeSwap (CAKE) price might reach $9 by 2026.</p> 
<h4 class="wp-block-heading">9. What will be the PancakeSwap (CAKE) price by 2027?</h4> 
<p>PancakeSwap (CAKE) price might reach $10 by 2027.</p> 
<h4 class="wp-block-heading">10. What will be the PancakeSwap (CAKE) price by 2028?</h4> 
<p>PancakeSwap (CAKE) price might reach $13 by 2028.</p> 
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<p class="has-medium-font-size"><em><strong>Disclaimer:</strong> The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

PancakeSwap (CAKE) Price Prediction 2024, 2025, 2026-2030

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