PancakeSwap (CAKEUSD) Bulls Regain Control as Buying Pressure Mounts

PancakeSwap (CAKEUSD) Price Forecast: February 14

The pancakeSwap upswing is impressive today. Despite the market crash, the coin bulls regain control as buying pressure mounts at the resistance close to the overhead zone, trying to stabilize at the upper part of the range. Thus, if the bulls can add additional efforts to their buying pressure and the coin price could sustain above the prior value at $4.58, the coin price may trigger up to the overhead resistance mark at the $5.00 level, resulting in a better gain for the coin buyers.

Key Levels:
Resistance Levels: $3.35, $3.36, $3.37
Support Levels: $1.55, $1.54, $1.53

CAKE (USD) Long-term Trend: Bullish (Daily Chart)

CAKEUSD is experiencing a fresh relief rally with the bulls regaining control as buying pressure mounts, revealing a surge above the moving averages, indicating a bullish momentum in the long-term outlook.
The coin has been having a series of higher highs and higher lows, making it possible for the price to remain firm in an upward trend in its recent high.

At the time of writing today, the PancakeSwap price shows an uptick at the $3.41 resistance level above the EMA-50 as the daily session resumes, signaling the potential for further gains as the bulls regain control and remain dominant in the market, indicating a good buy for the coin traders.

Thus, with sustained buying, buyers could drive the CAKEUSD price beyond the $4.58 previous barrier to target the psychological level at the upper channel.

Further, the PancakeSwap price will increase if the bulls can add more action to their buying stuff. As a result, the bullish correction pattern may lead the coin price to reach the $5.00 upper resistance trend mark in the days ahead, as the bulls regain control and remain stable at the upside in its long-term outlook.

CAKE (USD) Medium-term Trend: Bullish (4H Chart)

PancakeSwap bulls regain control as buying pressure mounts, following the recent high turnover from the coin investors in its medium-term outlook.
The bulls are trying not to fall this time around. Further, the coin prices are traded above the moving average lines, confirming a bullish trend.

The sustained bullish pressure at the $2.69 supply level in the past few hours has made it easier for the crypto market to remain firm in an uptrend in its recent price level.

After dropping to a low of $2.86, the buying pressure mounts as the CAKEUSD price rebounded with a bullish candle at the $3.04 supply mark above the moving averages, shortly after opening the 4-hourly chart today, bolstering the buying momentum.

Therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels, targeting the overhead resistance level.

In addition, the PancakeSwap pair pointing up on the daily stochastic means that the buying pressure may continue and suggests a possible recovery of the $5.00 upper resistance level in the coming days in the medium term.

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