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Pancakeswap token over the monthly chart is trying to sustain above its all vital moving averages.
The crypto asset is trading under a sideways trend, with no sign of significant momentum, and volume activity is also lower.
The pair of CAKE/BTC is trading at 0.0002852 BTC with a minor intraday move of +0.62%, and the ratio of CAKE/ETH is CMP at 0.003972 ETH with a 24-hour change of +0.38%
Pancakeswap token at the monthly chart is consolidating below the vital moving averages. Moreover, the volume activity on the chart is average and needs a substantial increment for a sustainable positive. The bulls are now trying to grip the crypto asset, although the coin is in sideways momentum and looking for a positive breakout. Once the token sustains above its vital moving averages, the supportive volume activity will boost more buyers.
Volume activity at the monthly chart is average and needs to grow strongly for the next lap of a bullish rally. Support on the lower side is $17.30 and $16.10, whereas resistance on the higher side is $23.80 and $26.67.
Pancakeswap token at the weekly chart is trading sideways
Pancakeswap token at the weekly chart is trading sideways, and volume activity at the chart is lower and needs to improve enormously. CAKE has been trading sideways since the past few trading sessions, and the technical parameters are also projecting mixed signals. The crypto asset is trading sideways, and volume activity is slightly average. Pancakeswap price is trading at $18.76, an intraday rally of +2.67%, and the volume to market cap ratio is 0.04649.
Relative Strength Index (BULLISH): Pancakeswap token RSI is trading on a bullish note on the weekly chart. In contrast, the coin trades positivity with a bullish momentum, RSI at 53.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a positive trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red) with positive momentum.
Support levels: $17.30 and $16.10
Resistance levels: $23.80 and $26.67.
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