PancakeSwap (which has outperformed almost the entire altcoin market with the latest price change)Cake) attracted a lot of attention.
One of the most popular names of DeFi platforms Cake It continues to attract attention with its price structure. The popular coin, which gained momentum after exceeding $2, B T cDespite the decline, his eyes are on the heights. CAKE managed to reach $2.62 with an increase of 22.77 percent in the last 24 hours. In Very Ascendant Second place in the list.
Can CAKE, which has shaken the market with its growth in the past, achieve the same vibe again?
Resisting the Bitcoin Pullback Well!
BTC’s correction by testing $38,000 is dragging most altcoins down. However, PancakeSwap (CAKE), which is resistant to downside momentum, has fallen to $2,646. At the time of writing, CAKE is trading at $2,588.
If the cake side upside continues, further yearly opening prices of 2.646 – 2.82 – 3 respectively can be targeted. The price of CAKE will fall if BTC continues to fall, DeFi remains in the background or FUD news hits the market. In such a case, the levels that can be followed as support are $2,455 – weekly opening price – $2,072 – $1,912 and $1,698 respectively.
