{"id":359267,"date":"2022-11-23T04:14:17","date_gmt":"2022-11-23T09:14:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=359267"},"modified":"2022-11-23T04:26:34","modified_gmt":"2022-11-23T09:26:34","slug":"pancakeswap-price-prediction-for-today-23-november-cake-commences-bullish-trend","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pancakeswap-price-prediction-for-today-23-november-cake-commences-bullish-trend","title":{"rendered":"PancakeSwap Price Prediction for Today, 23 November: CAKE Commences Bullish Trend"},"content":{"rendered":"

Buyers opposed sellers at the $3.7 Level in the CAKE market<\/h2>\n

CAKEUSD Price Analysis – 23 November<\/h2>\n

When buyers increase their momentum, CAKE<\/a> will break up the resistance level of $4.0 and the price may increase to the resistance levels at $4.1 and $4.3. In case sellers oppose the buyers at the $4.0 level, the price may decrease and break down the support level of $3.7, which may decrease to $3.5 and $2.8 support levels.<\/p>\n

CAKE\/USD Market<\/h2>\n

Key levels:<\/h2>\n

Resistance levels: $4.0, $4.1, $4.3<\/p>\n

Support levels: $3.7, $3.5, $2.8<\/p>\n

 <\/p>\n

CAKEUSD Long-term trend: Bullish<\/h2>\n

CAKE is bullish in the daily chart. The sellers have been ruling the world of PancakeSwap for more than three weeks. It started from the resistance level of $5.0. The bearish momentum was strong with the formation of strong bearish candles. On 22 November, the coin found support at $3.7 level after penetrating the support levels of $4.1 and $4.0. Today, Bulls are exerting more pressure and the price is increasing.<\/p>\n

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Pancakeswap is trying to cross the 9 periods EMA and 21 periods EMA upside which indicates bullish momentum. When buyers increase their momentum, the price will break up the resistance level of $4.0 and the price may increase to the resistance levels at $4.1 and $4.3. In case sellers oppose the buyers at the $4.0 level, the price may decrease and break down the support level of $3.7, which may decrease to $3.5 and $2.8 support levels. The relative strength index period 14 is at 49 levels with the signal line pointing up to indicate a buy signal.<\/p>\n

 CAKEUSD medium-term Trend: Bullish<\/h2>\n

PancakeSwap is bullish in the 4-hour time frame. CAKE is bouncing up from the support level of $3.4 on 22 October. The bullish movement commenced which may lead to the breaking up of the $4.0 level. The bullish momentum is strong at the moment and the price may reach $4.3 resistance level.<\/p>\n

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PancakeSwap is trading above the 9-periods EMA and 21-periods EMA. The Relative Strength Indicator period 14 is at 70 levels exhibiting buy signal. As CAKE is preparing for the price increase, Dash 2 Trade and IMPT are soaring higher.<\/p>\n

It is important to know that the IMPT team has announced a giveaway promo of $100K IMPT<\/a>. Do not miss it for any reason. IMPT<\/a> token presale is still live, and close to $13.5 million has been realized so far.<\/p>\n

At the moment, the D2T<\/a> presale is on and it has raised close to $7 million. A novel platform like Dash 2 Trade<\/a> would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools.<\/p>\n

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