Pancakeswap has been moving really sideways and hasn't picked up any momentum with the rest of the market. It's been trading between $17.50 - $20.50 since September 19th and showing signs of heavy accumulation at $19.00.
I do believe Pancakeswap will move due to:
- The growth of the Binance Ecosystem.
- The meme coin community trend will continue throughout this cycle. A lot of meme coins especially new ones are accessible on Pancakeswap for extremely low fees. Meme coins bring in a ton of new liquidity into the market.
- Ranks top 10 in Total Value Locked (TVL) and TVL is steadily growing.
After we break out of this sideways pattern I do expect a run up to $22.69 at the 0.236 Fibonacci level. Personally I love when there's a prolonged amount of dullness and sideways action. Keep Pancakeswap on your radars!
Much peace, love, health, and wealth!
I do believe Pancakeswap will move due to:
- The growth of the Binance Ecosystem.
- The meme coin community trend will continue throughout this cycle. A lot of meme coins especially new ones are accessible on Pancakeswap for extremely low fees. Meme coins bring in a ton of new liquidity into the market.
- Ranks top 10 in Total Value Locked (TVL) and TVL is steadily growing.
After we break out of this sideways pattern I do expect a run up to $22.69 at the 0.236 Fibonacci level. Personally I love when there's a prolonged amount of dullness and sideways action. Keep Pancakeswap on your radars!
Much peace, love, health, and wealth!