PancakeSwap (CAKEUSD) Price Might Increase Further

PancakeSwap (CAKEUSD) Price Forecast: September 25

The CAKEUSD market outlook today indicates that the crypto price might increase further as the bulls are currently offering some assistance to the coin price by driving it higher. The cryptocurrency price is likely to continue growing as it faces the overhead region. Based on the structure, if the bullish pattern persists and a daily candlestick closes above the $3.070 supply mark, the correction phase will extend to meet the resistance at $3.087 upper trend line, reflecting promising growth.

Key Levels:
Resistance Levels: $2.700, $2.800, $2.900
Support Levels:    $1.300, $1.200, $1.100

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

According to the coin market chart, the CAKEUSD price is expected to rise, and this trend is likely to persist in the long run.
The price bar is visible above the EMA-50, indicating bullish momentum. Thus, the bulls are capable of pushing higher from this trend line.

The coin price has risen over the supply level at its most recent high due to the bulls’ movement on the cryptocurrency at a $2.641 supply level in the previous session.

As the daily chart begins, the PancakeSwap price is 12% higher at the writing time today at a $2.823 supply point above the supply level, showing a renewed attempt to challenge the overhead resistance.

Hence, the buy traders will be motivated to affect the price trend as a result.

However, the price of cryptocurrency may likely rise to retest its previous high of $2.966 if the price on the daily chart closes above the $2.855 level.

Further gains are anticipated as indicated on the daily stochastic, suggesting that the bulls will continue to control the market’s price movement.

According to its long-term forecast, this might push the PancakeSwap price to a high trend line of $3.087 in the next days.

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

PancakeSwap remains in a bullish trend in the medium-term outlook. The bulls are really trying not to fall this time around.
Further, the coin prices are traded above the moving average lines, confirming a bullish trend.

The successful pullout by the bulls to a $2.784 high mark in the last session has sustained the crypto price above the resistance level in its recent high.

The CAKEUSD price breakout at the $2.823 resistance, above the EMA-50 as the 4-hour chart opens today, indicates the high buying impact from the bulls, resulting in intraday gains.

However, if the buy traders break over the previous high level of $3.077, the CAKEUSD pair will rise, maintaining a further growth potential for buy traders.

Furthermore, the price indicator predicts an upward increase, suggesting that the bullish trend will continue.

According to the chart outlook, the pattern may soon reach the $3.090 upper resistance trend line, suggesting a possible buy signal.

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