PancakeSwap(cake)market reviews and price predictions
PancakeSwap market statement for 2023-01-22
Yesterday the price of cake stood at $3.86. The market capitalization of the asset was $636 896 829. PancakeSwap’s volatility was established at 0.52%. The trading volume of the coin reached $78 102 269.
PancakeSwap prognosis for the next days:
We estimate the price of PancakeSwap to be $3.73 tomorrow 2023-01-27 and $3.59 on 2023-02-02;
We estimate the market capitalization of PancakeSwap to reach $605 508 596 tomorrow 2023-01-27 and $613 032 613 on 2023-01-29;
We estimate the volatility of PancakeSwap to become 1.2% tomorrow 2023-01-27 and 1.62% on 2023-01-29;
We estimate the trading volume of PancakeSwap to amount to $41 989 336 tomorrow 2023-01-27 and $59 349 324 on 2023-01-29.
Our recommendation for the pair CAKE/USD for tomorrow, 2023-01-27, to sell.
PancakeSwap sees limited 4% gains between January 16 and January 22 as the market cools down.
The bullish behavior of PancakeSwap last week was characterized by the occurrence of upswings. The volatility of CAKE has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Slightly bearish : traders witnessed PancakeSwap moving down 2% from January 14 till January 20.
The analysis of last week’s price action shows that the PancakeSwap market is in the bullish phase since the price has been moving downward. The price swings of CAKE pointed to the presence of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
PancakeSwap showed a moderate 8% growth between January 9 and January 15.
The analysis of last week’s price action shows that the PancakeSwap market is in the bullish phase since the price has been moving upward. The volatility of CAKE has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
The bullish pressure subsides between January 5 and January 11 as PancakeSwap gains only 4%.
The behavior of PancakeSwap last week was characterized by the occurrence of upswings. The volatility associated with the CAKE market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Restrained price action on January 1 to January 7 as PancakeSwap moves up by only 5%.
The behavior of PancakeSwap last week was characterized by the occurrence of upswings. The volatility of CAKE has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of increased trading volume.
Slightly bearish : traders witnessed PancakeSwap moving down 4% from December 26 till January 1.
PancakeSwap has been bearish last week as its price has been predominantly falling. CAKE has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin last week took place on the back of decreased trading volume.
Bearish response: The PancakeSwap price melts by 4% between December 25 and December 31.
The bearish behavior of PancakeSwap last week was characterized by the occurrence of downswings. CAKE was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
The bears stepped up a gear on December 24 - December 30, dropping the price of PancakeSwap by 6%.
The bearish behavior of PancakeSwap last week was characterized by the occurrence of downswings. The price swings of CAKE pointed to the presence of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
PancakeSwap slid down by 5% last week (December 20 - December 26) as the sellers pushed back.
The bearish behavior of PancakeSwap last week was characterized by the occurrence of downswings. CAKE was caught in a period of low volatility, which was reflected in its price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Bearish response: The PancakeSwap price melts by 1% between December 18 and December 24.
The downward movement of the PancakeSwap price last week indicates the chosen market is. The volatility of CAKE has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.