PancakeSwap (CAKE), which surpassed almost the entire altcoin market with its recent price movement, attracted great attention.
CAKE, one of the most popular names of DeFi platforms, continues to attract attention with its price structure. The popular coin, which gained momentum after exceeding $ 2, does not take its eyes off the highs despite the decline in BTC. CAKE, which managed to reach $2.62 with an increase of 22.77 percent in the last 24 hours, is in second place on the Top Rising list.
Can CAKE, which has blown the market with its rise in the past, regain the same atmosphere?
Resisting the Bitcoin pullback well!
BTC’s correction by testing $ 38,000 is pulling most altcoins down. However, PancakeSwap (CAKE), which is resistant to downward mobility, has moved to $ 2,646. As of the writing of the news, CAKE is traded at $ 2,588.
If the rise on the CAKE side continues, 2.646 – 2.82 – 3 and the annual opening price can be targeted, respectively. The continuation of BTC’s downward movement, DeFis remaining in the background or FUD news hitting the market will shake the price of CAKE. In such a case, the levels that can be followed as support are 2,455 – weekly opening price – 2,072 – 1,912 and 1,698 dollars, respectively.
32196
