CAKE Price Prediction for June 06 2025: Will PancakeSwap Sustain This Breakout Momentum?
The PancakeSwap price today is holding steady near $2.48 after reclaiming key levels earlier in the week. On June 5, CAKE posted a mild gain of 0.60% and closed the session at $2.4830. The recovery comes after multiple failed breakout attempts in late May. Now, with the price structure climbing toward the upper boundary of its consolidation channel, traders are watching closely for signs of continuation or rejection.
What’s Happening With PancakeSwap’s Price?
The current PancakeSwap price structure is pressing against a confluence of resistance levels near the 0.618 Fibonacci retracement zone on the weekly chart, positioned around $2.4639. This level has acted as a mid-term pivot since mid-April, with the broader trend still anchored below the $2.85 mark, which represents the 50% retracement level of the move from $1.20 to $4.49.
The price action on the 1D chart shows a clean ascending triangle forming, with bulls attempting a breakout above descending trendline resistance near $2.50. This structure has historically preceded volatility surges, which raises the possibi…
The post CAKE Price Prediction for June 06 2025: Will PancakeSwap Sustain This Breakout Momentum? appeared first on Coin Edition.
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CAKE Price Prediction for June 06 2025: Will PancakeSwap Sustain This Breakout Momentum?
The PancakeSwap price today is holding steady near $2.48 after reclaiming key levels earlier in the week. On June 5, CAKE posted a mild gain of 0.60% and closed the session at $2.4830. The recovery comes after multiple failed breakout attempts in late May. Now, with the price structure climbing toward the upper boundary of its consolidation channel, traders are watching closely for signs of continuation or rejection.
What’s Happening With PancakeSwap’s Price?
The current PancakeSwap price structure is pressing against a confluence of resistance levels near the 0.618 Fibonacci retracement zone on the weekly chart, positioned around $2.4639. This level has acted as a mid-term pivot since mid-April, with the broader trend still anchored below the $2.85 mark, which represents the 50% retracement level of the move from $1.20 to $4.49.
The price action on the 1D chart shows a clean ascending triangle forming, with bulls attempting a breakout above descending trendline resistance near $2.50. This structure has historically preceded volatility surges, which raises the possibi…
The post CAKE Price Prediction for June 06 2025: Will PancakeSwap Sustain This Breakout Momentum? appeared first on Coin Edition.
Read More
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