CAKE Price Is Testing $4.36 Level, TAMA Explodes Skywards

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Bulls may continue pushing up the CAKE

CAKEUSD Price Analysis – September 10

Should the buyers increase their momentum and penetrate the resistance level at $4.36, the resistance levels of $4.66 and $5.01 may be tested. In case the sellers push down the CAKE, it will be confronted by the barriers at $4.20, $3.70 and $3.49 support levels

CAKE/USD Market

Key levels:

Resistance levels: $4.36, $4.66, $5.01

Support levels: $4.20, $3.70, $3.49

 

CAKEUSD Long-term trend: Bullish

PancakeSwap is bullish in the daily chart. On August 19, the coin reduced to the low of $3.49 level. Buyers prevented further price reduction with the formation of an inside bar candle. The price bounces upside by broken former resistance levels of $3.70, and $4.20. Yesterday, the price tested the resistance level of $4.36. Today, it is pulling back. Sellers may begin to dominate the CAKE market if sellers increases their momentum.

PancakeSwap is trading above the 9 periods EMA and 21 periods EMA which indicate an increase in the buyers’ momentum. Should the buyers increase their momentum and penetrate the resistance level at $4.36, the resistance levels of $4.66 and $5.01 may be tested. In case the sellers push down the price, it will be confronted by the barriers at $4.20, $3.70 and $3.49 support levels. Meanwhile, the relative strength index period 14 is at 59 levels with the signal line pointing up to indicate buy signal.

Buy CAKE Now

 Your capital is at risk

 CAKEUSD medium-term Trend: Bullish, TAMA Explodes Skywards

PancakeSwap is bullish in the 4-hour time frame. The bearish trend placed the price of PancakeSwap at $3.49 level. Due to low momentum of the bears, the price bounce and increase to $4.29 level after it broke up $3.70 and $4.20 levels.

PancakeSwap is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator period 14 is at 63 levels exhibiting buy signal.

Tamadoge is building its very own Tamaverse. The fun doesn’t stop there though. Tamadoge is planning to build its very own metaverse games world – the Tamaverse – where you can interact with your pet in an augmented reality environment. The app will be available next year. Before then, the leaderboards will be launched later this year in which the Pets will be accessible in a 2D web environment. Each pet NFT will have an associated 3D avatar rigged up for the Tamaverse. Unlike most other meme coins, Tamadoge actually has utility value and is not just a cute image, although the interface we have seen so far suggests that it is that too. Tamadoge is shaping up to be more than a match of competitors such Aavegotchi and Shiba Inu. Rewards are paid from the transaction fees generated in the Tamadoge Pet Store.

Related

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Please enter Coingecko Free Api Key to get this plugin works