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What Traders Can Expect From PancakeSwap (CAKE) In Coming Days

Published 01/30/2023, 04:44 PM
Updated 01/30/2023, 04:45 PM
What Traders Can Expect From PancakeSwap (CAKE) In Coming Days
ETH/USD
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  • CAKE is currently trading hands at $4.11 after a 2.32% increase in price.

  • The 9-EMA line for CAKE is still positioned bullishly above the 20-EMA line.

  • The CAKE price has formed a resistance around the $4.105 level.

PancakeSwap (CAKE) is one of the cryptocurrencies in the green for today. The market tracking website CoinMarketCap indicates that CAKE is currently trading hands at $4.11 after a 2.32% increase in price over the last 24 hours. The crypto was also able to reach a high of $4.15 and a low of $4.00 over the same time period.

In addition to this, CAKE’s weekly performance is also looking good as the crypto is up by more than 6% over the last seven days. CAKE was also able to strengthen against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 0.28% and 0.18% respectively over the last few days.

Also in the green zone is CAKE’s 24-hour trading volume which currently stands at $43,484,798 after a more than 8% increase since yesterday. The crypto’s market cap currently stands at $711,675,872, which makes CAKE the 64th biggest cryptocurrency in terms of market capitalization. This places it right behind eCash (XEC) in the 63rd position and in front of Trust Wallet Token (TWT) which is ranked 65th.

The post What Traders Can Expect From PancakeSwap (CAKE) In Coming Days appeared first on Coin Edition.

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