PancakeSwap Price Analysis: CAKE spikes from $17 to $20, regains Wednesday losses

TL;DR Breakdown PancakeSwap price analysis is bullish today.CAKE/USD saw a slight retracement today.PancakeSwap is attempting to retest $23 resistance PancakeSwap’s current price analysis is bullish, as a new higher low was established today above $22, and bulls are presently pushing the market higher. As a result, we anticipate the $23 resistance to break later today, allowing CAKE/USD to create a new high. Cryptocurrency heat map. Source: Coin360 Over the last 24 hours, the cryptocurrency market has been in good shape. Bitcoin is up 3.5%, while Ethereum is up 6.73%. Dogecoin, on the other hand, has had a spectacular day, increasing by 11% and outperforming all other cryptocurrencies. PancakeSwap price movement in the last 24 hours: PancakeSwap retraced to set a higher low at $22 The price of TREE/USD changed in a range of $21.88 to $22.72 throughout the day, demonstrating little volatility during the previous 24 hours. Trading volume was roughly $269.9 million, down by 19 percent from yesterday, as the market capitalization is around $5.5 billion and places the coin in 32nd CAKE/USD 4-hour chart: CAKE looks to break $23 On the four-hour chart, we can see that bulls have gained momentum over the previous hours as the PancakeSwap attempts to break past $23 resistance.CAKE/USD 4-hour chart. Source: TradingView The Pancakeswap’s price volatility has been high in recent weeks. On September 7th, CAKE/USD dropped drama...