Price Analysis

Trending PancakeSwap Coin May Soon Hit The $5.5; Enter Now?

Under the influence of the support trendline, the pancakeswap coin should gradually rise and break the $5 resistance.
Published by
Trending PancakeSwap Coin May Soon Hit The $5.5; Enter Now?

The crypto market faced multiple sell-offs over the past three months caused by events such as High CPI data, US Fed interest rate hikes, etc. This intense selling pressure caused even the major cryptocurrencies to revisit their 2022 low. However, fighting-off such affairs, the Pancakeswap coin price has maintained a steady rally using a long-coming support trendline 

Advertisement

Key points from Pancakeswap coin analysis

  • The Pancakeswap coin traders can maintain a bullish sentiment until the support trendline is intact
  • The 50-and-100-day EMA nearing a bullish crossover could increase market demand.
  • The intraday trading volume in the Litecoin coin is $50.1 Million, indicating a 53% gain.

Source- Tradingview

The pancakeSwap coin price has shown steady growth with new higher highs and highs and lows over the past three months. During this rally, altcoin retested the ascending support trendline multiple times, indicating the traders are actively buying at this support.

Furthermore, the last bull run turned down from the multiple-month resistance level of $5. The bearish reversal tumbled 8.5%, where it retested the $4.55 flipped support. The altcoin rebounded from this level, indicating the buyers have obtained suitable support from it.

The pancakeSwap coin price rising for three consecutive days registered 4.2% gains. However, the volume activity depleting with rising prices indicates weakness in bullish momentum.

Thus, if the trading volume doesn’t pick up, market traders may witness a reversal from the $5 psychological level and keep wavering above $4.55 support. Anyhow, a great entry opportunity to buy CAKE tokens will be when the price shows a reversal sign at the rising support trendline.

Moreover, a breakout from $5 will give an additional confirmation for prolonged recovery and may drive the prices 9.5% higher to hit the $5.5 mark.

On a contrary note, a breakdown below the ascending trendline will cause a significant correction in the Pancakeswap coin.

Advertisement

Technical indicator

Relative strength index: the daily-RSI slope is rising higher if bullish territory indicates the market sentiment supports price recovery.

EMAs: the upswing in crucial EMAs(20, 50, and 100) gives additional confirmation. Moreover, the 20-day EMA is offering constant support to trending coin price.

  • Resistance Levels: $5 and $5.5
  • Support Levels: $4.5 and $4.2
Advertisement
Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level

Ethereum has overtaken Bitcoin in institutional treasuries, signaling a notable change in digital asset accumulation…

October 29, 2025
  • Price Analysis

Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align

XRP price has moved sideways in the past few days as the recent bull run…

October 29, 2025
  • Price Analysis

HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?

Hype price has drawn significant attention following a strong rebound from October lows and renewed…

October 29, 2025
  • Price Analysis

Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto

Bitcoin price has remained steady above $113,000 as the crypto market shows signs of a…

October 29, 2025
  • Price Analysis

Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?

The ASTER price has shown early signs of stabilization after recent volatility, as fresh whale…

October 29, 2025
  • Price Analysis

Pi Network Patterns Point to More Gains Despite Manipulation Claims

Pi Network price is taking part in the ongoing crypto market rally. It jumped to…

October 28, 2025