PancakeSwap (CAKEUSD) Price Is Negotiating the $3.070 Upper Resistance Level

PancakeSwap (CAKEUSD) Price Forecast: September 26

The market price of PancakeSwap is currently negotiating the upper resistance level as the coin continues to rise and hold steady above the supply levels. An ascending pattern has emerged, indicating a possible increase and a potential continuation of the uptrend that began recently. Therefore, if the bulls can enhance their buying pressure and the price closes above the $2.966 prior peak barrier, the cryptocurrency may continue in that direction and hit the upper resistance level of $3.070 and beyond, triggering a flurry of interest among investors.

Key Levels:
Resistance Levels: $2.849, $2.850, $2.851
Support Levels:    $1.940, $1.939, $1.938

<strong

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

In the long run, the price of CAKEUSD is currently negotiating the upper resistance level. The price is currently approaching the top resistance level and trading above the EMA-50.
The cryptocurrency price has remained above the resistance level at its most recent high, due to the bulls’ successful push to a high of $2.823 in the previous session.

As the daily chart opens today, the PancakeSwap price is negotiating the upper resistance level at the high value of $2.851 above the moving average, indicating intraday growth and additional gains for buyers.

As a result, the price trend will climb above the key levels to the upper resistance zone if the bulls strengthen their market tension.

Notably, the CAKEUSD pair points to a continuation of the upward trend on the daily stochastic.

Buyers are anticipated to drive the coin price higher to a noteworthy level; in this case, the aim may be the upper resistance of $3.070 in the near future.

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

The coin has recently experienced a price surge and may swing and break up to its expected target on the medium-term view.
The crypto price is negotiating the upper resistance level, indicating a strong bullish trend. The bulls are having the market at their disposal at the moment.

Due to the coin’s history of higher highs and higher lows, the price has been able to sustain an upward trend at its most recent level.

Shortly after the 4-hourly chart started today, the bulls made a firm advance up to the resistance level above the EMA-50 at $2.851, which allows the PancakeSwap market to continue rising and negotiate the upper high level.

Additionally, trading above the moving average levels will therefore allow the market value of CAKEUSD to continue rising, as the daily indication signals an uptrend.

In light of this, while the cryptocurrency is negotiating the upper high level, the $3.070 upper resistance level may soon be attained if the bulls increase the aggression of their market actions.

Buy PancakeSwap on eightcap.com