PancakeSwap (CAKE) introduced the V4 update. Also, a blog on the DEX exchange website reports the launch of a $500 million developer incentive fund.
We already wrote about what version 4 is on March 13th. The key focus of the#PancakeSwapteam is the desire to make trading âfaster, cheaper and more personal.â Considering the potential trend for DEX in the current cycle, it is important to make their platforms convenient and understandable for retail. The one who does it better and easier will win.
The price #CAKE does not react to the news, it is adjusted with the entire market. The price reached $5.246 while growing, nevertheless breaking through the volume level of $4.932. But despite the fact that now the asset is being bought back well in priority, at best, the range is in the range of $3,972-4,932. And a correction to the volumetric and mirror level of $3.675 is more likely. There you will need to watch the reaction of buyers and sellers.
This is the priority scenario if today's candle does not close above the volume level of $4.932. And the chances of this are very small.
Let us remind you that we closed the speculation on #CAKE on March 13 at $4,470, earlier and missing the rest of the movement. But at +75.91%. And we are left with an investment purchase of the asset in two parts with an average entry price of $2,729. We will keep her for a long time.
