Coin Gabbar Token

<h2 id="header-0">CAKE&#39;s price action shows a rising trend within a triangle breakout formed of multiple lower rejection candles.</h2>The breakout rally exceeds the consolidation range, with $4.60 as overhead resistance.Last night, the Cake token broke through the resistance zone, with buyers seeing a 20-day high of $4.85. On a daily time frame, the price action shows higher-low and higher-high structure. This price action shows the swing trading strategy of buying on dips.The <a href="https://www.coingabbar.com/en/crypto-currency/pancakeswap-token-cake-prices-usd" rel="noopener noreferrer nofollow">CAKE</a> token is rising over the upward trendline. This bullish trendline shows buyers&#39; strength in crypto, with the rest of the cryptocurrencies following Bitcoin&#39;s trend. As a result, sellers are looking to resell the CAKE token at the $5.15 barrier level.Although the CAKE token is continuing to rise, bulls are still cautious of sustaining it at the barrier level. As a result, at press time, altcoin is trading at $5.00 against the USDT pair. So far this week, the token has gained 8.00% in price.The CAKE price movement indicates a bullish reversal from the 100-day EMA, resulting in a successful post-retest reversal. Furthermore, the reversal rally breaks through the consolidation range height of $4.5, providing another breakout entry opportunity. The intraday trading volume shows a few spikes in buying pressure supporting the bullish candles, offering the price chart more power.On a daily basis, CAKE token is trading higher above the 20, 50, and 100 day exponential moving averages, and it is currently set to go above the 200-EMA.As the RSI signal continues to move higher above the bullish trendline, buyers are aggressively buying cake coins. In addition, the MACD increases in the bullish area of the daily price scale. Both traditional indicators indicate a bullish trend.The technical indicators show that underlying sentiments are improving and that bullish support is growing. As a result, the CAKE technical analysis is bullish and suggests trying to take advantage of the breakout entry.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this CAKE is estimated to be $699,075,702. The 24-hour trading volume for the coin is around $102,536,773. CAKE market capitalization has risen by 7.17%. However, trade volume increased by 72.96% during intraday trading. The market capitalization to volume ratio is 0.1456.A close above $5.40 might drive the price even higher into the positive zone. In the aforementioned case, the price may jump to $5.80. Any more gains might send the price beyond the $6.20 threshold. If it crosses and closes over the $6.20 mark, the price might climb to $7.20.If cake fails to break over the $5.40 barrier, it may correct lower. On the downside, there is immediate support at $4.70. The next key support level is $.50. The crucial support level is $4.00, below which the price may enter a negative zone toward $3.50.KEY LEVELS :RESISTANCE LEVEL : $5.70-$6.20SUPPORT LEVEL : $4.50-$3.70Bulls are ready to break 4 month high after breakout of triangle pattern. Are you watching the chart?

CAKE PRICE ANALYSIS CMP-$5.05 What happens now that CAKE has retested its four-month high?

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Coingabbar

Інші статті, опубліковані 29 вер. 2022 р.

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