The technical indicators display a strong bearish trend in CAKE as price actions fallout below major support of $4.0012, with RSI moving along the supply zone due to rising selling pressure. As fear of FTX collapse crashed the entire crypto market, CAKE is not the exception which dropped 13.71% in the past 7 days hitting its two-month low. Currently trading at $4.02 at the time of writing, the CAKE price has dropped more than 6.89% over the last 24 hours touching a 24-hour low of $4.35, down by $ 0.3331548. CAKE price actions show a bearish trend as the downtrend The post CAKE Technical Analysis: PancakeSwap Hit Two-Month Low in Crypto Crash appeared first on Cryptoknowmics-Crypto News and Media Platform .
