$CAKE, a long term gem.

23 thg 10, 2022

Back to early 2021, Pancake Swap was one of the most participated DEX. Volume, DAU and TVL growing make CAKE sky-rocketed to $40.

Then, bear market and DeFi winter came (along with lots of exploit on BSC DeFi protocols) and CAKE price heavily dumped to the bottom of $3.

In the last 2 months, CAKE managed to bounce to $4, thanks to the market rally and some new Pancake Swap development. But the weekly candles growing weak, into a reversal pattern.

CAKE will have to back test $3 level before bounce back higher in 2023.

Entry: $3.1-$3.3

Stoploss: $2.8

Target: $4.5 - $6 - $10 (longterm)

9 thg 12, 2022

Ghi chú

Price maybe fluctuate, but the projection is still there. We held a bag at $3.4 and buy more if CAKE ever hit $3