PancakeSwap Price Analysis: CAKE breaches $20, targets $21.5 resistance next?

TL;DR Breakdown PancakeSwap price analysis is bullish for today.CAKE/USD continued to advance overnight.CAKE is currently pushing higher. PancakeSwap price analysis is bullish today as the market continued to push higher over the last 24 hours after establishing a higher low on Friday. Therefore, we expect CAKE/USD to continue higher today and look to test the $21.5 previous high next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. Bitcoin is up by 1.53 percent, while Ethereum is 4.95 percent. Meanwhile, Avalanche (AVAX) is the best performer from the majors, with a gain of more than 25 percent. PancakeSwap price movement in the last 24 hours:  PancakeSwap continued to rally from the $19 support CAKE/USD traded in a range of $19.32 – $20.45, indicating mild volatility over the last 24 hours. Trading volume has decreased by 27.4 percent and totals $257 billion, while the total market cap trades around $5.11 billion, ranking the coin in 37th place overall. CAKE/USD 4-hour chart: CAKE targets $21.5 resistance next? On the 4-hour chart, we can see the PancakeSwap price action rapidly advancing this morning, with the $21.5 resistance as the next target to break. CAKE/USD 4-hour chart. Source: TradingView PancakeSwap price action traded with a strong bearish momentum this week. After a new major swing high was set at the end of August around $26.5, CAKE/...