PancakeSwap price analysis: CAKE offers investing opportunity after falling below $1.5
PancakeSwap price dropped around 9 percent today . Price falls below $1.5 support . RSI dropped into bearish oversold region
PancakeSwap price analysis shows an extension of the current bearish run in place, as the token dropped 9 percent over the past 24 hours to drop below its earlier support at $1.5. CAKE has been in a downward trend since April 24 when price was at $3.3, and has since declined more than 45 percent. However, the current dip offers long-term investment opportunity at discounted prices for new traders. Hence, CAKE trading volume appeared to pick up heavily over the past 24 hours, increasing more than 125 percent. PancakeSwap occupies the 94th rank in the cryptocurrency market.
