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PancakeSwap (CAKE) Price Action: Sweet Gains Ahead or a Bitter Correction?

  • PancakeSwap (CAKE) is currently trading near the $2.45 zone with a daily trading volume increase of over 60%.
  • Market sentiment is neutral following a 1.33% pullback, leading major assets like Bitcoin to retreat to former lows.
  • PancakeSwap saw a spike of over 1.10% in the last 24 hours, trading between $2.41 and $2.51.
  • Technical indicators suggest a potential bullish movement for CAKE, with a possible climb towards $2.60 or above, although a bearish retracement could test support levels near $2.40.

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