The PancakeSwap price analysis is bullish today as the price has broken above the $3.98 mark. CAKE has shown good progress during the last 24 hours as the bulls have continued to push higher. There is potential for further price rallies, and we could see PancakeSwap retest the $3.99 resistance level in the near future.
The one-day chart for PancakeSwap price analysis shows that the bullish momentum is strong, and a further price increase is expected in the coming hours as bulls continue their rally. CAKE/USD also reports an increase in price value by 2.04 percent during the last 24 hours, with a 24-hour trading volume of $24 million and a market cap of $13 million.
Despite a slight retracement last few days, the overall technical indicators are still showing strong bullish signals, suggesting that there is plenty of upside potential for CAKE/USD in the near future.
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Source: Cryptocurrency - investing.com
