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CAKE’s Price May Drop Briefly Before Another Strong Leg Up

Published 02/03/2023, 03:48 AM
Updated 02/03/2023, 04:00 AM
CAKE’s Price May Drop Briefly Before Another Strong Leg Up
BTC/USD
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ETH/USD
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  • CAKE’s price has dropped 3.40% over the last 24 hours and now rests on a trendline.
  • There may be a brief drop below the trendline before another leg up for CAKE’s price.
  • CAKE’s next price obstacle stands at around $4.037.

Pancake Swap (CAKE) currently occupies the number 3 position on CoinMarketCap’s trending list. According to CoinMarketCap, the price of the decentralized exchange token has dropped 3.40% over the last 24 hours.

As a result, the price of CAKE stands at $4.12 at press time. The altcoin has also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 2.36% and 1.72% respectively.

The post CAKE’s Price May Drop Briefly Before Another Strong Leg Up appeared first on Coin Edition.

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