The CAKE technical analysis exhibits a strong downtrend due to high selling pressure, with the 50-day SMA and 200-day SMA making a “death cross”, signaling an upcoming bearish sentiment in the market. Trading between the tight range of $3.86 and $3.77, today’s price actions of CAKE display a reversal in the bearish trend. A 10.55% drop in trading volume ( $28.83 m) and a 2.77% plunge in market cap ($567.37) over the last 24 hours support a strong downtrend in the CAKE market. As the bearish trend continues, CAKE prices fell 3.82% during the previous 24 hours. With a maximum The post CAKE Technical Analysis: “Death Cross” Brings Bearish Reversal appeared first on Cryptoknowmics-Crypto News and Media Platform .
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