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CoinGape
2022-04-06 16:19:18

PancakeSwap Price Analysis: Will CAKE Price Bounce Back At 0.328 Fibonacci Retracement Level

PancakeSwap Price Analysis: Will CAKE Price Bounce Back At 0.328 Fibonacci Retracement Level

The long tail rejection candle at $10 resistance suggests the Pancake(CAKE) buyers are exhausted from the recent recovery. A failed attempt to breach this resistance triggered a minor retracement and plunged the coin price to $8.75 flipped support. Will buyers continue the ongoing recovery, or there’s more in the correction phase? Key points: The CAKE The post PancakeSwap Price Analysis: Will CAKE Price Bounce Back At 0.328 Fibonacci Retracement Level appeared first on CoinGape.

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