Pancake Swap coin did make a good liquidity sweep, resulting in almost -50% of movement on the markets. Now we are seeing a good possibility to DCA this for SPOT after we filled the zones of imbalance!
More in-depth info is in the video—enjoy!
📊NEUTRAL: $CAKE (1D)
#CAKEUSDT | #CAKE | #PancakeSwap
Current Price $2.38
Market Cap $626.51M
Change 1h -1.39% | 24h -23.54%
Daily Indicators:
• RSI: 32 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 2.97 - Trading Below 🔴
Analysis:
CAKE's recent liquidity sweep and subsequent -50% drop present a strategic opportunity to dollar-cost average (DCA) after addressing imbalanced zones. The market is primed for potential gains, making this a favorable moment to consider SPOT investments.
Price Targets:
Keep an eye on potential targets at 3.20 and 4.00, with resistance possibly hitting around 4.50. If downward trends resume, support might stabilize near 1.50.
PancakeSwap's community