PancakeSwap

Uniswap

Trillion

The post <a href="https://coinpedia.org/price-analysis/pancakeswap-and-uniswap-price-prediction-will-dex-tokens-surge-to-new-highs/" rel="noopener noreferrer nofollow">PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the altcoins’ rising rank and a boom in the market cap of major coins, the crypto industry is gaining momentum. Further, as the market approaches $2 Trillion cap, the DEX tokens are resurging back into momentum.&nbsp;
With PancakeSwap (CAKE) and Uniswap (UNI) showcasing a trend reversal, the buyers are going out of control. So, let’s have a closer look at their charts. Will the CAKE price cross $4? Will UNI continue the uptrend to $1 this year?
Let’s find out more in the price analysis below.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-cake-price-resurge-to-0-25-nbsp">Will the CAKE price resurge to $0.25?&nbsp;</h2>
With a bullish revival, the CAKE price bounces above the 50-day EMA with a boom in trading volume. Sustaining dominance over the 200-day EMA, the altcoin avoids the death cross.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-1024x483.png" alt="" class="wp-image-271971" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131517/image-162.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/fag7V6dP/" rel="noopener noreferrer nofollow">TradingView</a>
With the buyers reclaiming the 38.20% Fibonacci level, the CAKE price is ready to challenge the $3 mark. Despite the recent jump above 50D EMA, the consolidation move presents a delay in the breakout.
The bullish break of the $2.80 or $3 mark will signal an entry opportunity for the sideline traders and a trend reversal. With the altcoin on the verge of a breakout and improving market sentiments, the CAKE price can result in a jump to the $4 mark in the coming weeks.&nbsp;
<h2 class="wp-block-heading" id="h-is-uniswap-topping-10-soon">Is Uniswap Topping $10 Soon?</h2>
With a bullish jump of 34%, the UNI price is challenging the overhead resistance at $7.80. The ongoing brawl at this supply zone marks the possibility of a double-top pattern for igniting a correction phase.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-1024x483.png" alt="" class="wp-image-271972" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/22131519/image-163.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/OemCxhlH/" rel="noopener noreferrer nofollow">TradingView</a>
Moreover, as per the trend-based Fibonacci levels, the Uniswap prices need to revert from the 38.20% fib level. In case of a reversal, the altcoin will mark a successful post-retest reversal and could find a surge in trading volume.&nbsp;
With a $4.45B market cap, Uniswap ranks 22nd in the list of biggest crypto. Trading at a low of 84% from its all-time high of $44.97, the potential is huge in case the altcoin reverses its long-term trend.&nbsp;
Therefore, if the UNI price breaks the $7.80 mark, the breakout run can reach the $10 mark.&nbsp;

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PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs?

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