PancakeSwap Price Analysis for Today (December 28, 2024)

The current price of PancakeSwap ($CAKE ) is $2.64, the price has increased by +6.95% in the last 24 hours. Currently, CAKE is available on 50 exchanges, and in the last 24 hours, 22,553,649 CAKE coins have been exchanged, totaling $59,441,718 in trading volume.$BTC $XVG

Today, PancakeSwap (CAKE) opened at $2.46. It has risen by 7.12% from the opening price. After dropping to $2.45, it is attempting to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -40.64% and -1.65%, and from the minimum recorded price over the same period, it has increased by 27.23% and 16.13%.

According to our analysis, CAKE needs to stay above $1.84 to potentially move towards the first significant resistance level at $2.74. A breakout above $2.74 could lead to CAKE rising to the next resistance level at $3.33. The third resistance is at $4.30.

If the price drops, the first support level to watch is $1.84. If this level does not hold, further decline to the next support level of $1.23#BtcNewHolder is possible.