Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
coinpedia 2025-02-17 08:41:21

Here’s Why BinanceCoin (BNB) and PancakeSwap (CAKE) Prices Are Set to Rise By 20% This Week

Here’s Why BinanceCoin (BNB) and PancakeSwap (CAKE) Prices Are Set to Rise By 20% This Week

The post Here’s Why BinanceCoin (BNB) and PancakeSwap (CAKE) Prices Are Set to Rise By 20% This Week appeared first on Coinpedia Fintech News The prices of the popular tokens, BiananceCoin & PancakeSwap, have begun to inflate as the bulls are utilizing all their resources to defend the strong support. The recent consolidation around the gains has confirmed a bullish pattern and a breakout from the range may initiate a fresh ascending trend. After a ‘v-shaped’ recovery in BNB & CAKE, it now appears to be ready for another explosion that may elevate the levels within the profitable range. BinanceCoin (BNB) Price Eyes for a New ATH at $800 Observing from a wider perspective, the BNB price has been trading with extreme strength since the second half of 2024. It has been trading within a rising parallel channel and if the bulls manage to hold the levels within the range, the token is expected to kick off a strong upswing towards a new ATH. While the bearish possibility, which seems to be pretty low, could hinder the progress of the rally but may not stop it from rising to $800. As seen in the above chart, the BNB price has been trading within a rising parallel channel, and after recovering from the latest bottoms, a fresh upswing seems to be imminent. The price has risen from a fake breakdown, trapping the sellers, and hence is believed to revive a strong upswing. Besides, the RSI has surged above the average range and if it continues to rise after a small consolidation, then a rise to the upper threshold is imminent, raising the levels beyond $800. PancakeSwap (CAKE) Price Aims to Reach $4.6 After rebounding from the bottoms close to $1 in Q4 2023, the PancakSwap price has been trading under an extremely bullish influence. While the resistance remains still around $4.6, the support levels remain within an incremental range. Besides, the token witnessed a huge influx of volume, which suggests the price is due for a major price action. The weekly chart of CAKE price suggests the token is within a bullish range, and after a small consolidation, the price is believed to rise and reach the resistance. The price has failed to surpass the resistance at $4.64 since mid-2022, which makes it the strongest level to clear. Once done, they may serve as a base for the token to maintain a healthy upswing thereafter. Besides, the weekly MACD is about to undergo a bullish crossover, which may push the CAKE price towards the resistance. If the bulls display some strength along with a massive rise in the bullish volume, the PancakeSwap price may rise within the bullish range and head towards the higher targets.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
371
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.