Here is a comprehensive and in-depth technical analysis of PancakeSwap (CAKE) in a clear and simplified manner: $CAKE
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📌 Current Price Overview
The price is currently around $2.80, with a slight increase of +0.06% compared to the previous close.
Daily range: between $2.64 (low) and **$2.97** (high)
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🔹 Market and Liquidity Information
Market capitalization is approximately $926–960 million, with active daily trading between $136–222 million.
Circulating supply: about 345 million CAKE out of 450 million, with an annual inflation rate of ~28%.
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📈 Key Technical Indicators
✅ Moving Averages (from Investing.com)
Rating “Strong Buy” for the MA group (5–200 days), and also shows a “Strong Buy” rating in overall indicators.
🔄 Momentum and Other Indicators
RSI (14) ≈ 54 → in the neutral zone, with a slight tendency towards buying.
MACD neutral/positive.
ADX ≈ 35 → reflects moderate bullish momentum.
The majority of short-term technical indicators and signals support a positive outlook.
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🔍 Support and Resistance Levels
Pivot (Classic): ~$2.76
Support S1: ~$2.73 (Classic), ~$2.707 (Fibonacci)
Resistance R1: ~$2.81 (Classic), ~$2.788 (Fibonacci)
Potential upper levels at R2 (~$2.83–2.84) according to Pivot models.
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🧭 Practical Recommendations
Type Strategy
For day traders Buy near Pivot/S1 ($2.73–$2.76), and take some profits at R1 ($2.81), with a stop loss below $2.73.
For short/medium-term traders Staying above R1 (for daily closing purposes) will push the price towards R2–R3 ($2.83+).
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