PanCake Price Prediction: CAKE Price Remains Pressured Below $8.0; Is Bounce Back On Cards?

CAKE price continues to trade sideways for the past three-session following a dull start to a fresh trading week. The price hovers near the multi-week support area at around $7.50.

Timeline of Pancakeswap

Since breaking out from a long-term descending resistance line, PancakeSwap (CAKE) has shown several bullish signs and is attempting to create a higher low. The post PancakeSwap (CAKE) Breaks Out From 309-Day Resistance Line appeared first on BeInCrypto.

The Pancake(CAKE) price resonates within $10 and $7.5 barriers for over a month now, creating a narrow range. However, the consolidation reflected a bearish set-up with double top pattern formation.