PancakeSwap falls 10% – Yet here's why bulls remain dominant
Portfolio Pulse from
PancakeSwap has seen a 10-11% price drop, falling below the $2.55 support level. Despite the short-term pullback, technical indicators suggest a potential bullish reversal around the $2.22-$2.16 support zones. The token's on-balance volume and momentum indicators remain strong, indicating underlying positive sentiment.
March 27, 2025 | 4:15 am
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Technical analysis suggests CAKE may find support between $2.22-$2.16, with potential for a bullish reversal driven by strong on-balance volume and momentum indicators.
Price correction is part of normal market movement. Strong underlying technical indicators suggest potential short-term recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100