1
The PancakeSwap price forecast suggests a correction is expected in 2024.
2
The CAKE price broke the 50-day moving average, showcasing that the trend is turning bearish.
3
The PancakeSwap price declined by 1.99% in the previous 24 hours, showcasing bearishness on the daily timeframe.
According to the PancakeSwap price forecast, the CAKE price is expected to undergo a correction. It is currently hovering around the value of $5.23 and has recently dropped below the 50-day EMA.
The overall trend is still positive as the price is above the 200 moving average and the buyers actively support the price at lower levels. These buyers continue to accumulate the cryptocurrency at these levels, highlighting their presence in the market.
Technical Analysis Of PancakeSwap (CAKE) Price
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Moreover, the price action is advantageous for buyers and the charts show continued growth movement and a bounce back
We współpracy z: https://www.thecoinrepublic.com/2024/04/10/pancakeswap-price-prediction-where-will-cake-price-move-next/
