- 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.
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