Pancake Swap ($CAKE) Will Continue to Climb Thanks To Uniswap
With Uniswap's announcement that v3 won't be coming until May, Pancake Swap will pick up even more market share as people look for lower transaction costs.
Once it breaks through the $12.57 resistance, it will easily reach $13.41 and $14.61 is completely possible in a short timeframe.
Look to play this one for the short-term, however, due to their tokenomics creating a lot of inflation over the long-run.
Once it breaks through the $12.57 resistance, it will easily reach $13.41 and $14.61 is completely possible in a short timeframe.
Look to play this one for the short-term, however, due to their tokenomics creating a lot of inflation over the long-run.
Trade active:
We are currently bouncing between $12.80 - $13.50.
I'm buying at $12.90 and selling 75% at $13.45 each time it swings back and forth.
I can see it consolidating in this region for most of the day until tomorrow.
I don't believe it'll go below $12.60 at this point, but if it does, I would expect $11.80 to play the role of a hard support.
I'm buying at $12.90 and selling 75% at $13.45 each time it swings back and forth.
I can see it consolidating in this region for most of the day until tomorrow.
I don't believe it'll go below $12.60 at this point, but if it does, I would expect $11.80 to play the role of a hard support.