Rally

PancakeSwap

Burn

Bitcoin

Mina

Crypto Price Prediction: The crypto market is bearish for the last week of the year prolonging a <a href="https://coingape.com/markets/bitcoin-price-prediction-as-pattern-threatens-16-down/" rel="noopener noreferrer nofollow">correction phase</a> in leading coins like Bitcoin and Ethereum. However, On Wednesday, the crypto market witnessed a notable uptick, offering a relief rally to the majority of major cryptocurrencies. With this minor push tokens like PancakeSwap(CAKE), Astar (ASTR), and Mina (MINA) showcased double-digit gains in the last 24 hours, projecting theirs despite market uncertainty.
The global cryptocurrency market capitalization now stands at $1.65 trillion, marking a slight decline of 0.23% in the past day. On the other hand, the total volume of transactions has seen a significant rise of 6.38% in the last 24 hours, reaching $75.52 billion.
Also Read: <a href="https://coingape.com/bitcoin-evangelist-fred-krueger-calls-solana-innovations-pure-science-fiction/" rel="noopener noreferrer nofollow">Blockchain Expert Expects Historic Bitcoin ETF Approval By January 10</a>
<h2 id="b-pancakeswap-strategic-token-burn-fuels-cake-price-rally-beyond-3-5-b">PancakeSwap Strategic Token Burn Fuels CAKE Price Rally Beyond $3.5</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/1/1PaXqBAX.png" alt="CAKE Price" width="1946" height="937">
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 CAKE Price| TradingView Chart
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The <a href="https://coingape.com/price/pancakeswap/" rel="noopener noreferrer nofollow">PancakeSwap token price</a> has exhibited remarkable resilience amid prevailing market consolidation, successfully maintaining its position above the $2.1 mark and continuing its upward trajectory.&nbsp;
Over the past week, the token’s value soared by 57%, reaching a current trading price of $3.37. This increase is punctuated by a significant breakout from a falling wedge pattern. A key factor driving this surge is the PancakeSwap team’s recent <a href="https://coingape.com/pancakeswap-team-burns-10-mln-tokens-cake-price-soars-25/" rel="noopener noreferrer nofollow">burning of 10.16 million CAKE</a> tokens, equivalent to about $34 million, on December 26.&nbsp;
<blockquote>
 The CAKE price had been on a downward slope for more than a year, influenced by the <a href="https://coingape.com/markets/pancakeswap-price-prediction-whats-next-for-cake-after-68-weekly-surge/#:~:text=In%20ideal%20conditions%2C%20the%20CAKE,indicating%20a%2058%25%20potential%20rise." rel="noopener noreferrer nofollow">falling wedge pattern</a>. However, during this rally, the token broke through the upper boundary of the wedge, signaling a potential trend reversal.&nbsp;
</blockquote>
As of the latest updates, the MATIC price is $3.53, demonstrating stability above the newly surpassed $3.5 level, with evidence of long-tail rejection. Under optimal conditions, the CAKE price is poised for an ascent to the highest point of the wedge pattern, situated around $5.5, suggesting a possible 58% increase in value.
A large spread between the MACD and the signal line in a bullish crossover reflects buyers’ dominance in this asset.
<h2 id="b-bullish-pattern-breakout-sets-mina-price-rally-to-chase-2-b">Bullish Pattern Breakout Sets Mina Price Rally to Chase $2</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/i/iGYrhBWy.png" alt="Mina Price" width="1946" height="937">
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 Mina Price| TradingView Chart
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Defying the current market uncertainty, the MINA token price has risen for nine consecutive days, standing out as the <a href="https://coingape.com/arbitrum-cardano-and-mina-protocol-potential-2024-collaboration-on-the-horizon/" rel="noopener noreferrer nofollow">highest weekly gainer</a>. From $0.675 low, the coin price has rallied nearly 119% to hit a 20-month high of $1.486
Amid this rally, the buyers breached the $1.26 neckline resistance of the bullish reversal pattern called the double bottom. This chart often spotted at market bottoms indicates increased accumulation from investors.
By the press time, the <a href="https://coingape.com/price/mina-protocol/" rel="noopener noreferrer nofollow">MINA price</a> trades at $1.4 with a modest intraday gain of 0.47%. If the coin manages to sustain above the reclaimed barrier, the coin price could prolong its recovery 55% higher to hit $2.15.
The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">RSI</a> slope at 81% reflects buyers are driving an aggressive recovery rally. However, as per this momentum indicator, this asset is also on the verge of being overbought region.
<h2 id="b-here-s-why-astr-price-may-see-56-breakout-rally-b">Here’s Why ASTR Price May See 56% Breakout Rally&nbsp;</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/p/pc9btFCQ.png" alt="ASTR Price" width="1946" height="937">
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 ASTR Price| TradingView Chart
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</figure>
In line with general bullish sentiment and the formation of a double bottom pattern, the ASTR coin price has <a href="https://coingape.com/astar-network-astr-soars-to-12-month-high-on-upbit-listing/" rel="noopener noreferrer nofollow">traveled an aggressive rally</a> since late October. This bull run showcased a jump from $0.0385 to $0.13 registering 240% growth.
On December 26th, this rising price gave a decisive breakout from $0.116 from a double bottom pattern. Moreover, a 10% jump today offers a suitable follow to this breakout accepting the buyer’s conviction for a prolonged rally.
In favorable bullish conditions, the post-breakout could prolong the ASTR price to 56% higher to hit $0.2.
The Average Direction index value at a high of 59% hints the buyers would trigger a minor pullback to take a breather
The post <a href="https://coingape.com/markets/crypto-price-prediction-today-december-27th-cake-mina-astr/" rel="noopener noreferrer nofollow">Crypto Price Prediction For December 27th: CAKE, MINA, ASTR</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For December 27th: CAKE, MINA, ASTR

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