USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MRU

MUR

MVR

MWK

MVR

MWK

MXN

MYR

MXN

MYR

MZN

NAD

MZN

NAD

NGN

NIO

NGN

NIO

NOK

NPR

NOK

NPR

NZD

OMR

NZD

OMR

PAB

PEN

PAB

PEN

PGK

PHP

PGK

PHP

PKR

PLN

PKR

PLN

PYG

QAR

PYG

QAR

RON

RSD

RON

RSD

RUB

RWF

RUB

RWF

SAR

SBD

SAR

SBD

SCR

SDG

SCR

SDG

SEK

SGD

SEK

SGD

SHP

SLL

SHP

SLL

SRD

SSP

SRD

SSP

STD

STN

STD

STN

SVC

SYP

SVC

SYP

SZL

THB

SZL

THB

TJS

TMT

TJS

TMT

TND

TOP

TND

TOP

TRY

TTD

TRY

TTD

TWD

TZS

TWD

TZS

UAH

UGX

UAH

UGX

UYU

UZS

UYU

UZS

VES

VND

VES

VND

VUV

WST

VUV

WST

ZAR

ZMW

ZAR

ZMW

ZWL

Cryptoknowmics 2022-04-04 20:45:32

CAKE Technical Analysis: Rejection Near $10 Brings Sellers Back

CAKE coin price action shows a solid bearish candle with significantly higher price rejection reflecting a boom in selling pressure. Key technical points: CAKE prices have decreased by 0.39% in the past 24 hours. In addition, the prices sustain above the 100-day EMA. Finally, the 24-hour trading volume of PancakeSwap is $441.03 Million, marking a 106% rise. Past Performance of CAKE The CAKE coin price action shows a bullish reversal from the $5 mark resulting in a reversal that creates a rounding bottom pattern. The bullish rally of 100% within three weeks surpasses the neckline at $8.5 and 100-day EMA and reached the $10 mark. Source-Tradingview CAKE Technical Analysis CAKE coin price action failed to sustain near the $10 mark as sellers regained trend control resulting in a higher price rejection. Hence, a reversal is in order to retest the $8.5 mark. The crucial daily EMAs (50, 100, and 200-days) display bearish alignment, but the bullish rally resulted in a reversal in the 50-day EMA. Hence, the EMAs project a high possibility of bullish crossovers. RSI Indicator: The RSI slope exits the overbought zone as it falls under the 70% boundary. Moreover, the 14-day SMA fails to support the uptrend indicating a significant surge in selling pressure. MACD Indicator: The MACD and signal lines get closer to each other testing an end to the uptrend with a bearish crossover. Moreover, the falling trend of the bullish histogram reflect...

Related News

The Ultimate Guide to Overcoming Impulsiveness in...
23 Apr 2024
Stay Ahead in Crypto Trading: Harnessing the Power...
23 Apr 2024
Bitcoin (BTC) Consolidation Around $70K Sets Stage...
23 Apr 2024
Philippines SEC Warns Public, Blocks Binance from...
23 Apr 2024
Fearless Investing: Strategies to Conquering Risk...
23 Apr 2024
FuturePlay Casino Promo Code & Bonus: How to Get F...
23 Apr 2024

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

CAKE Technical Analysis: Rejection Near $10 Brings Sellers Back

Most Read News

Related News