PancakeSwap receives a strong long-term technical score of 68 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses the price movement of the last few months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine if it is a strong buy and hold investment opportunity. CAKE currently holds a long-term technical analysis score above 68% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. tokens with a high technical score in the long and short term can help point to assets that have bottomed out, giving investors a chance to “buy the dip”.
The current trading price of $7.710000000 for CAKE is -$0.1000000 (-1.28%) below the token’s 100-day moving average of $7.810000000. CAKE, meanwhile, is $2.3700000 (-61.70%) above its 52-week low of $5.340000000 and $-36.47000000 (-5.19%) below its 52-week high price of $44.180000000. PancakeSwap’s current price against the token’s long-term average and 52-week highs and lows, gives the crypto a strong long-term technical score of 68. CAKE’s price movement and range suggests that the Investors are neutral on the token right now. PancakeSwap has a market cap of $2,218,872,963.22 and a relatively high average daily volume with $1,585,050,315.54 of currency traded in a typical 24-hour period. In the past 24 hours, CAKE’s volume is below its seven-day average with 393,787,655.24 traded. The Art, Collectibles, and Non-Fungible Tokens subclass of this token: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens used to buy, sell or collect works of art or certain other digital goods.
CAKE’s historical trading over the past year gives it a strong long-term technical score of 68, as its price movement over this period has given investors reason to be neutral on the token over the long term. . Click here for the full PancakeSwap (CAKE) report.
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