1
CAKE’s price is currently trading below the 200-day exponential moving averages, suggesting bearishness.
2
PancakeSwap price analysis for the upcoming month demonstrates the downturn of the price.
3
CAKE price performance over the week is poor as it gave a bearish return of 30.01%.
The current price of PancakeSwap is showing bearishness as it remains stuck between the 200-day moving average. This is evident on the daily charts, where the coin’s price has been halted near the $5.25 mark, as buyers and sellers continue to fight for control of the price.
Despite making gains in previous months, CAKE is now showing signs of weakness as it has been pushed down by the bears. If buyers don’t maintain momentum and start exiting their positions, the crypto price will likely decrease.
PancakeSwap crypto has been under bearish pressure in recent weeks, facing resistance from upper resistance levels that have prevented it from br
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