Is PancakeSwap Thrive the Market as a DEX Platform?

Is PancakeSwap Thrive the Market as a DEX Platform?

CAKE price prediction, $4 is a strong resistance level, so that it may come down further, but it will definitely cross this level as it has been forming higher highs from the price of $3.

pancakeswap weekly chart

On the weekly chart, it has formed a higher low, and the candlestick is in the upper Bollinger band. However, we do not think it is an ideal time for long-term investment because the chart is in a long-term downtrend. You can consider it in your long-term portfolio when it decisively crosses the level of $15.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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