CAKE Price Increases to Retest $4.6 Level, TAMA Debuts on OKX

Share This Post


Bulls continue pushing up the CAKE

CAKEUSD Price Analysis – September 26

Should the buyers increase their momentum and penetrate the resistance level at $4.6, the resistance levels of $5.0 and $5.5 may be tested. In case the sellers push down the CAKE, it will be confronted by the barriers at $4.5, $4.3 and $3.8 support levels

CAKE/USD Market

Key levels:

Resistance levels: $4.6, $5.0, $5.5

Support levels: $4.5, $4.3, $3.8

 

CAKEUSD Long-term trend: Bullish

PancakeSwap is bullish in the daily chart. After the formation of Cup with Handle shape pattern. The coin remains under the buyers’ control. It increases to $4.3 resistance level. It pulled back to retest the dynamic support level as a normal phenomenon in a trending market. The buyers returned to the market and push the price to break up the resistance level of $4.3. The price further increase to test the resistance level of $4.6.

PancakeSwap is trading above the 9 periods EMA and 21 periods EMA which indicate an increase in the buyers’ momentum. Should the buyers increase their momentum and penetrate the resistance level at $4.6, the resistance levels of $5.0 and $5.5 may be tested. In case the sellers push down the price, it will be confronted by the barriers at $4.5, $4.3 and $3.8 support levels. Meanwhile, the relative strength index period 14 is at 60 levels with the signal line pointing up to indicate buy signal.

Buy CAKE Now

 Your capital is at risk

 CAKEUSD medium-term Trend: Bullish, TAMA Debuts on OKX

PancakeSwap is bullish in the 4-hour time frame. The coin retested the support at $3.8 level after the formation of Cup and handle shape pattern. Due to low momentum of the bears, the price bounced and increase. It broke up $4.3 level.  It is currently testing $4.6 resistance level.

PancakeSwap is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator period 14 is at 57 levels exhibiting buy signal.

Stay tuned to the crypto news feed here at InsideBitcoins for more updates on Tamadoge’s first exchange listing as the Sept 27th listing date approaches. The OKX website has announced that TAMA withdrawals will be open at 13:00 UTC on the day of the listing.

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Under Two Months
  • Upcoming ICO on OKX Exchange

Tamadoge logo

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Price Slides Below $70,000: These Are The Key Reasons

The Bitcoin (BTC) price has experienced a significant downturn over the past 24 hours, falling below the critical $70,000 threshold After reaching a peak of $73,620 on Tuesday, the cryptocurrency has

Why Is Bitcoin Dumping? Geopolitics, Earnings, Market Dynamics, Various Factors At Play

The post Why Is Bitcoin Dumping Geopolitics, Earnings, Market Dynamics, Various Factors At Play appeared first on Coinpedia Fintech News Bitcoin is currently trading at $70,801, down by over 1% in

Crypto Market Down: How Low Can Bitcoin Price Crash?

The post Crypto Market Down: How Low Can Bitcoin Price Crash appeared first on Coinpedia Fintech News Amid ongoing market turmoil, the Bitcoin price has experienced a significant drop toward its

Bitcoin Bound For $100,000 As Bitwise CIO Claims It ‘Doesn’t Need Washington’ To Succeed

With just four days to go until the US presidential election, crypto enthusiasts are hoping that a victory for their preferred candidate will lead to a higher Bitcoin (BTC) price Who Will Be More

Inside Tether’s $14.2B Equity Peak—Key Takeaways From the Q3 Attestation

Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial US Treasury holdings Tether’s Q3 Performance Ranks

UBS launches its first tokenized fund on Ethereum blockchain

UBS Asset Management, a subsidiary of Zurich-headquartered investment bank UBS, has launched its inaugural tokenized fund on the Ethereum blockchain, aiming to expand access for its clients According