PancakeSwap

Immutable

Bitcoin

MultiversX

Entering November, the cryptocurrency market grapples with a surge of uncertainty as short-term traders appear to be booking profit from the ‘Uptober rally’. Moreover, the Bitcoin price <a href="https://coingape.com/markets/will-bitcoin-price-uncertainty-turn-to-correction/" rel="noopener noreferrer nofollow">struggle to breach the $36,000 threshold</a> has left many altcoins in a state of consolidation or mild retraction. Despite this, a handful of digital assets have excelled, demonstrating remarkable growth over the past week and positioning themselves favorably for potential upticks if the market regains its bullish momentum.
Also Read: <a href="https://coingape.com/big-development-on-bitcoin-price-will-eth-xrp-ada-sol-follow/" rel="noopener noreferrer nofollow">Big Development On Bitcoin Price Chart , Will ETH, XRP, ADA, SOL Follow?</a>
<h2 id="strong-pancakeswap-price-analysis-key-resistance-breakout-set-further-rally-strong">PancakeSwap Price Analysis: Key Resistance Breakout Set Further Rally</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/j/jyLa2cWx.png" alt="PancakeSwap Price Analysis" width="1946" height="1105">Source- Tradingview
The <a href="https://coingape.com/price/pancakeswap/" rel="noopener noreferrer nofollow">PancakeSwap token price</a> has been the star performer of early November. Commencing the month at a modest $1.214, the token has soared by 77% within the last five days, now valued at $2.15.&nbsp;
This upswing has led it to shatter several critical resistance levels at $1.33, $1.65, and most recently $1.937. Nonetheless, technical analysts caution that such rapid ascents are rarely sustainable without substantive backing from new developments. Therefore, conservative traders might prefer to await a retracement for confirmation of the token’s sustainability at these higher prices.&nbsp;
According to <a href="https://coingape.com/glossary/fibonacci-retracement/" rel="noopener noreferrer nofollow">Fibonacci retracement tool</a>, the possible dips could be cushioned around the $2 mark, aligned with the 23.6% FIB, or at $1.84, with 38.2% FIB
<h2 id="strong-multiversx-price-analysis-bullish-pattern-sets-a-recovery-to-70-strong">MultiversX Price Analysis: Bullish Pattern Sets a Recovery to $70</h2>
<img decoding="async" src="https://s3.tradingview.com/snapshots/a/AYyKniFx.png" alt="TradingView Chart">Source- Tradingview
Over the past six months, the <a href="https://coingape.com/price/multiversx/" rel="noopener noreferrer nofollow">MultiversX coin price</a> has traveled a steady downtrend under the influence of a <a href="https://coingape.com/education/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart/" rel="noopener noreferrer nofollow">falling wedge pattern</a>. The coin price has faced multiple rejections from the pattern’s overhead trendline reflecting the dominant nature of sellers over buyers. However, today, the coin witnessed a significant inflow recording a 42% single-day surge and breaching the overhead trendline.&nbsp;
<blockquote>
 This breakout signals a shift in market sentiment, potentially heralding the start of a new bullish phase. At present, the EGLD struggles to surpass the psychological barrier of $1.5.
</blockquote>
A close below this mark could presage a minor retracement, yet the pattern suggests a bullish target near $64.22, with subsequent goals at $64 and $70 if the uptrend persists
<h2 id="strong-immutable-price-analysis-can-buyers-reclaim-1-mark-strong">Immutable Price Analysis: Can Buyers Reclaim $1 Mark?</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/f/fEdQWvU2.png" alt="Immutable Price Analysis" width="1946" height="1105">Source- Tradingview
The <a href="https://coingape.com/price/immutablex/" rel="noopener noreferrer nofollow">Immutable coin price</a> has undergone a considerable recovery since late October. Starting from $0.503, it has experienced a 90% rally and reached the current trading value of $0.96. This surge coincided with the completion of a <a href="https://coingape.com/glossary/double-bottom-pattern/" rel="noopener noreferrer nofollow">double-bottom reversal pattern</a> as buyers gave a decisive breakout from the $0.75 neckline breakout.
Under the influence of this reverse pattern, the prices are likely to reach the $1.09 mark, accounting for a potential gain of 14%.&nbsp; If the buyers show sustainability above the psychological level of $1, the extended recovery curve could hit $1.248, followed by $1.58.
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/markets/highest-crypto-gainers-of-the-week-cake-egld-imx/">Highest Crypto Gainers of the Week; CAKE, EGLD, IMX Price Analysis</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Highest Crypto Gainers of the Week; CAKE, EGLD, IMX Price Analysis

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