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The PancakeSwap Price has soared 9% in the last 24 hours to trade at $2.59 as of 11:30 p.m. EST on a 57% pump in trading volume to $485 million.
PancakeSwap Price Faces Resistance At $2.80
The CAKE/USD trading pair is currently priced at $2.53, marking a 5.2% decline over the past session. After opening at $2.67, the price reached a high of $2.71 before retracing to a low of $2.52.
Despite the pullback, the overall market sentiment remains cautiously optimistic, with buyers showing resilience at critical support levels.
A major support zone has been established around the $1.50 mark, where strong buying activity previously triggered a significant bullish reversal. This area has acted as a solid demand zone, leading to a notable rally.
Additionally, the $2.20 to $2.30 range has emerged as a key support level, with recent price action confirming its strength. Buyers have consistently defended this zone, suggesting a potential base for further upward movement.
CAKEUSD Analysis Source: Tradingview
On the upside, CAKE/USD is encountering resistance between $2.80 and $3.00. This region represents a supply zone with significant sell-side liquidity, making it a critical hurdle for bullish traders.
A successful breakout above this level could pave the way for a sustained rally, with the $3.00 psychological barrier serving as the next major target. Conversely, failure to breach this resistance may result in a period of consolidation or a retest of lower support levels.
Bullish Technicals Signal More Upside Ahead
Technical indicators provide additional insight into the market’s direction. The Relative Strength Index (RSI) is currently at 58.86, indicating that the asset is in bullish territory but not yet overbought.
The RSI signal line at 60.11 further supports the case for upward momentum.
However, traders should remain cautious, as any sharp rejection at the resistance zone could lead to a pullback. In the event of a downward move, the $2.30 support level will be the first line of defense, followed by the $2.00 mark as a secondary target.
Traders should look for signs of a confirmed breakout or rejection at the $2.80 resistance level. With buyers demonstrating confidence at key support levels, the likelihood of a bullish rally remains, provided the market successfully breaks through the resistance.
Last Chance To Buy Meme Index As presale Hits $4.1 Million
As the PancakeSwap price soars, investors are also piling into the presale of Meme Index (MEMEX), which is offering a last chance to buy after raising more than $4.1 million.
The meme coin market has become crowded in recent months due to a surge in interest. With so many options available, finding promising meme coins while avoiding scams can be hard.
Meme Index makes investing in meme coins easier and safer by offering curated baskets of coins. These baskets provide investors with diversified exposure to the meme coin market.
There's NEVER a wrong time to join the $MEMEX Frenzy! 🔥📈 pic.twitter.com/ZTvikrk8VY
— Meme Index (@memecoin_index) March 22, 2025
The project offers four different indexes: Meme Titan, Moonshot, Midcap, and Meme Frenzy.
Each index contains a selection of meme coins based on their risk level. Meme Titan includes more stable options, while Meme Frenzy is for those seeking higher-risk, higher-reward investments.
This approach allows investors to choose a basket that matches their risk tolerance.
Holding MEMEX tokens gives investors access to Meme Index’s curated meme coin baskets. MEMEX holders can also vote on which tokens should be included in each basket.
Final Call To Buy – Only 9 Days Left
The 99Bitcoins YouTube channel, which has over 725K subscribers, predicts that MEMEX could become the next 100X crypto.
In addition, investors can stake their MEMEX tokens to earn a huge 553% annual return.
MEMEX tokens are priced at $0.0166883 each and can be purchased directly from the project’s website using ETH, USDT, BNB, or a bank card.
With the ICO now in its final stage, buyers have about 9 days left to join the project before it lists.
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