Pancake Swap (CAKE): Getting Ready To Enter The Bullish Trend

186
CAKE is holding the support zone, but buyers still need to take back control by reclaiming the EMAs. That’s the first step before we even think about a move into the upper zones.

If buyers manage to secure the EMAs, we should see price pushing back toward the old bullish trend zone. That’s where the clearer momentum shift forms and the long-term target becomes realistic again. For now, it’s all about reclaiming those EMAs and building from this support.

Swallow Academy

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.