Search Inside Bitcoins

PancakeSwap Price Prediction for Today, November 5: CAKE/USD Bulls Find New support

PancakeSwap Price Prediction for Today, November 5: CAKE/USD Bulls Find New support
PancakeSwap Price Prediction for Today, November 5: CAKE/USD Bulls Find New support

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

PancakeSwap Price Prediction for Today, November 5: CAKE/USD Bulls Find New support

On October 22, the bullish trend starts at the support price of $4.33. And since then, the bullish momentum increases on a daily basis. But the bulls market hits its peak on October 30 and 31 when the market changes direction in favour of the bears. However, the bearish price did not go too far as PancakeSwap bulls were able to quickly find new support at $4.45 on November 3. Then, bulls target the $5.000 price level.

PancakeSwap Market Price Statistic:

  • CAKE/USD price now: $4.616
  •  CAKE/USD market cap: $706,590,793
  •  CAKE/USD circulating supply: 144,263,606.18
  •  CAKE/USD total supply: 341,497,183
  •  CAKE/USD coin market ranking: #66

Key Levels

  • Resistance: $5.000, $5.500, $6.000
  • Support: $4.000 $3.500, $3.000

PancakeSwap Market Price Analysis: The Indicators’ Point of View

The Bulls market is able to maintain the price above the Simple Moving Average of the Bollinger indicator. The current price which is around $4.616 is the place where the bulls will set up the support price level. This is because we noticed some tug-of-war at this point. In the RSI indicator, the line measures at the midrange. This confirms that the bulls may be securing their support level at this point.

PancakeSwap Price Prediction for Today, November 5: CAKE/USD Bulls Find New support

CAKE/USD 4-Hour Chart Outlook

The first session started with the bear market, but towards the end of the session, bullish support at $4.500 cut the bear market short. The next 4-hour session was bullish. However, apart from the fact that bulls are strong around the $4.500 level, they can’t sustain the bullish price recovery. They lose grip of the market in the third session and bears take over again. The bulls (however) are still strong at the support price level. 

Dash 2 Trade Presale Is Still Ongoing, It’s a Good Deal

D2T is still selling at promotion price as the presale is still. So far it has raise almost $5 million and the money will be used to develop the future platform.

Related 

Dash 2 Trade - High Potential Presale

Our Rating

Dash 2 Trade
  • Active Presale Live Now - dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited
Dash 2 Trade

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

Read next

X

Can This New Token Presale 100x?

Can This New Token Presale 100x?

Can This New Token Presale 100x?

X