Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Bulls Continue To Dominate As Pancakeswap Price Nears $3.74

Published 01/18/2023, 10:45 AM
Updated 01/18/2023, 11:00 AM
© Reuters. Bulls Continue To Dominate As Pancakeswap Price Nears $3.74
CAKE/USD
-

  • PancakeSwap has gained a value of more than 0.92 percent over the last 24 hours.

  • Both the hourly and the daily technical indicator are currently in a bullish state.

  • The price action recently created a bullish engulfing candlestick pattern.

PancakeSwap token shows rising signs as the market shows massive upside potential. The bulls have regained their control of the Pancakeswap market, which will change the course of the market for the better, and CAKE now expects the bullish period to take over in the next few days.

CAKE/USD pair has increased reaching above the $3.74 level, the resistance level for CAKE/USD is at $3.78 and the support level is at $3.70.

Looking at the daily chart, we can see that PancakeSwap’s price is currently in a bullish trend. The prices are trading along with the ascending channel, and a breakout from the current range could set the tone for the next move. The buyers are currently in control as the prices are trading above the moving averages.

The post Bulls Continue To Dominate As Pancakeswap Price Nears $3.74 appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.