PancakeSwap (CAKEUSD) Price Is Rising Against Downward Forces

PancakeSwap (CAKEUSD) Price Forecast: November 25

The pancake upswing is impressive today. Despite the market crash, the coin price is rising against downward forces. The bulls regain control as buying pressure mounts at the resistance near the overhead zone at $2.357, attempting to stabilize at the upper end of the range. The coin price is likely to push higher, reaching a significant level of $2.662 at the upper resistance area, if the bulls add more energy to the price action in the market.

Key Levels:
Resistance Levels: $2.355, $2.356, $2.357
Support Levels:    $2.197, $2.196, $2.195

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

CAKEUSD is experiencing a fresh relief rally with the bulls regaining control as buying pressure mounts, revealing a surge above the moving averages, suggesting a bullish momentum in the long-term outlook.
The coin is able to retain its upward strength at its recent high due to the bulls’ prior high at the $2.282 mark in the previous session.

At the time of writing, the PancakeSwap price shows an uptick at the $2.357 resistance level above the EMA-50 as the 4-hourly session resumes today, signaling the potential for further gains as the bulls regain control, rising against the downward forces and remain dominant.

Thus, with sustained buying, buyers could drive the CAKEUSD price beyond the $2.696 peak barrier to target the psychological level at the upper range.

Furthermore, the PancakeSwap price will increase if the bulls can increase their buying momentum.

As a result, the bullish correction pattern may lead the token price to reach the upper resistance level of $2.825 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 (1H Chart)

The CAKEUSD price is also skyrocketing against the downward forces in its medium-term outlook. The price action is seen above the moving average line, which confirms its bullish trend.
The pair made it to the $2.282 resistance level during yesterday’s session and sustained it. This has made it easier for the crypto price to rise above the downward forces in its recent high.

The bulls could not relent anyway, so the price movement after dropping to a $2.318 low level shortly after today’s 1-hourly session opening, the price of PancakeSwap jumped up to a $2.357 high level, showing that the price action is rising against the downward forces.

Additionally, the coin price is in an uptrend on the daily signal. If buyers intensify their efforts, the price might increase above the current level, and this may extend to a $2.429 high mark soon in its medium-term time frame.

Buy PancakeSwap on eightcap.com