PancakeSwap Price Prediction for Today, 23 November: CAKE Commences Bullish Trend

Join Our Telegram channel to stay up to date on breaking news coverage

Buyers opposed sellers at the $3.7 Level in the CAKE market

CAKEUSD Price Analysis – 23 November

When buyers increase their momentum, CAKE will break up the resistance level of $4.0 and the price may increase to the resistance levels at $4.1 and $4.3. In case sellers oppose the buyers at the $4.0 level, the price may decrease and break down the support level of $3.7, which may decrease to $3.5 and $2.8 support levels.

CAKE/USD Market

Key levels:

Resistance levels: $4.0, $4.1, $4.3

Support levels: $3.7, $3.5, $2.8

 

CAKEUSD Long-term trend: Bullish

CAKE is bullish in the daily chart. The sellers have been ruling the world of PancakeSwap for more than three weeks. It started from the resistance level of $5.0. The bearish momentum was strong with the formation of strong bearish candles. On 22 November, the coin found support at $3.7 level after penetrating the support levels of $4.1 and $4.0. Today, Bulls are exerting more pressure and the price is increasing.

Pancakeswap is trying to cross the 9 periods EMA and 21 periods EMA upside which indicates bullish momentum. When buyers increase their momentum, the price will break up the resistance level of $4.0 and the price may increase to the resistance levels at $4.1 and $4.3. In case sellers oppose the buyers at the $4.0 level, the price may decrease and break down the support level of $3.7, which may decrease to $3.5 and $2.8 support levels. The relative strength index period 14 is at 49 levels with the signal line pointing up to indicate a buy signal.

 CAKEUSD medium-term Trend: Bullish

PancakeSwap is bullish in the 4-hour time frame. CAKE is bouncing up from the support level of $3.4 on 22 October. The bullish movement commenced which may lead to the breaking up of the $4.0 level. The bullish momentum is strong at the moment and the price may reach $4.3 resistance level.

PancakeSwap is trading above the 9-periods EMA and 21-periods EMA. The Relative Strength Indicator period 14 is at 70 levels exhibiting buy signal. As CAKE is preparing for the price increase, Dash 2 Trade and IMPT are soaring higher.

It is important to know that the IMPT team has announced a giveaway promo of $100K IMPT. Do not miss it for any reason. IMPT token presale is still live, and close to $13.5 million has been realized so far.

At the moment, the D2T presale is on and it has raised close to $7 million. A novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools.

Related

Dash 2 Trade – High Potential Presale

Dash 2 TradeDash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited

Dash 2 TradeDash 2 Trade


Join Our Telegram channel to stay up to date on breaking news coverage