PancakeSwap Watch: CAKE Trading Volume Spikes Over 50% In 24 Hours

PancakeSwap (CAKE), just like any other cryptocurrency, has had its share of ups and downs. PancakeSwap registers over 53% increase in 24-hour trading volume PancakeSwap among trending BNB projects today CAKE's next resistance level could be at $5 Just two months after it was launched on September 2020, the token hit its all-time low to date.

Timeline of Pancakeswap

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Chiliz (CHZ) and PancakeSwap (CAKE) are gathering momentum for a breakout, analysts noted. CHZ has been trading in the positive zone in the past few days and made it to the market's top gainers.

The ongoing recovery in PancakeSwap price follows an ascending triangle pattern. In theory, this bullish pattern indicates a gradual growth in bullish momentum, which receives a sudden boost once the neckline resistance is breached.

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The Pancakeswap token (CAKE) has been one of those cryptocurrencies that have been steadily growing in the background. The popularity of the decentralized exchange (DEX) contributed tremendously to its rise until it took a hit in the bear market like other digital assets.

PancakeSwap (CAKE) is trading inside a long-term bullish pattern, but it has yet to confirm that it will break out from it. The post PancakeSwap Makes Fifth Attempt at Breakout Following CAKE Burn appeared first on BeInCrypto.

PancakeSwap (CAKE) most recent recovery sped up its bullish momentum as shown in the daily 20 and 50 EMA. PancakeSwap looking bullish CAKE price plunges 3.25% DMI shows neutral With the current economy of cryptocurrencies, traders need to know when it's time to dip their toes and carve their potential to become millionaires.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The recent recovery from the two-month trendline support (white, dashed) evoked a bullish crossover on PancakeSwap's [CAKE] daily 20/50 EMA.

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