The price of pancakexwap has been growing for three consecutive days, and has reached its highest level since January 25.
Penkexwap (cake) token reached a high of $ 75% from its lowest level this month, to a high level of $ 2.1600, leading to its market cap to $ 556 million.
The cake tokens estimated the higher volume to investors as rallied, as the Dex network expanded its advanced trading tools on arbitrals, linea and base protocols. These devices like Dlimit, which are present on the BSC series, will help in order execution.
Penkexwap has also maintained its market share in the decentralized exchange industry. Defee lama Data suggests that it has handled the highest volume in the last 24 hours, which flipped the top dex networks such as radium and uniswap.
Its volume was $ 2.95 billion, while the other two had $ 2.09 billion and $ 1.73 billion respectively.
Pancakexwap has handled a DEX volume of $ 90 billion in the last 30 days, making it a major place in decentralized finance. Most of its volumes occur in the BSc series, followed by base and arbitrum.
Penkexwap varies from other dex networks such as Uniswap and Radium to offer more services. In addition to its swap services, this yield provides agricultural solutions that are over $ 1.67 billion In property. It also offers a prediction market where traders place bets towards crypto property.
Pancakexwap price forecast
The daily chart shows that the cost of the cake was at $ 1.1380 last week as most of the cryptocurrency crashed. It formed a hammer candlestick pattern, which included a short body and a long lower shade.
A hammer is a popular rapidly reversed pattern, which explains why it has recently overturned.
Penkexwap, which was launched by Benami developers in September 2020, has gone above the 78.6% fibonaccia retracement level. This retracement has been designed by adding the lowest level in August last year and the highest point in December.
However, the challenge is that the price of pancakexwap remains below the 50-day exponential moving average. This descending has also failed to move above the trendline that combines the highest swing since January 4.
Therefore, as long as the token remains below these major resistance levels, the trend will continue at the bottom.
On the other hand, a rebound over these levels would point to more profit, possibly at $ 2.90 at a 50% fibonacry retracement point.
Pancakexwap Operated Binense is partially operated on the smart chain and by its community.
