- The Pancakeswap price closed the previous day’s trade at $4.539 with a market capitalization of $676.79 million and a circulating supply of 149.6 million CAKE.
- The CAKE price after rebounding from its lows in June has maintained a significant upswing and may attempt to close the yearly trade on a bullish note.
- In the next 5 years, the price may maintain a notable upswing and attain the required upper targets.
PANCAKESWAP PRICE PREDICTION TODAY
|CAKE Price Prediction for Today||$4.24|
|14 Day RSI||54.04|
|Fear and Greed Index||34(Fear)|
|Green Days||15/30 (50%)|
PANCAKESWAP TECHNICAL ANALYSIS
- The CAKE price is trading within an ascending parallel trend from the time when the token rebounded from its lows.
- Presently, the price is trading along the lower support from nearly a week and hence an extended accumulation is expected to ignite a significant upswing.
- The Pancakeswap price may initially surpass $5.1 and attempt to reach $5.3, but bears may restrict at $5.28 & drag the price slightly lower.
- However, the price could sustain above $5 and resume a firm upswing to reach levels beyond $6 at the earliest.
PANCAKESWAP ON-CHAIN ANALYSIS
- PancakeSwap price maintained a significant upswing but the volatility remains largely depleted. Therefore, the current upswing is expected to continue slowly yet steadily and reach the desired target levels
- Meanwhile, the development activity has raised significantly in the past seven days which may have led the price rise over the time
WILL PANCAKESWAP PRICE REACH $4.7 TODAY?
The Pancakeswap price has maintained a significant upswing since the previous trading day and surged beyond $4.64. Meanwhile, the bears enhanced their grip over the rally and slashed the price close to $4.5. However, the price has rebounded well and hence is expected to maintain a significant upswing until the end of the day.
A significant buying volume appears to have accumulated and hence the CAKE price may rise in the next couple of hours. Therefore, the price could surpass $4.64 and may try to rise beyond $4.65. Therefore, PancakeSwap price prediction for today is around $4.65 to $4.7.
Read more: Pancakeswap Price Prediction
WILL PANCAKESWAP PRICE REACH $5 BY THE END OF OCTOBER 2022?
The PancakeSwap price ever since dropped from the highs around $26.57 in September 2021, has maintained a notable descending trend. The descending trend further dragged the price extremely lower to $2.54 in June 2022. Since then the price has maintained a significant upswing but failed to sustain above $5.
Meanwhile, the monthly close is fast approaching and hence the bulls are expected to intensify its upswing ahead. Hence in the next couple of days, the price may thrive to reach beyond $5 initially and later lay down a notable upswing. The PancakeSwap price prediction for the week could be around $5.1 to $5.2, while for the month could be close to $5.5.
PANCAKESWAP PRICE PREDICTION 2025-30
The CAKE price has maintained an incremental trend for more than a couple of months and hence is expected to rise a notable uptrend ahead. A bullish close for the year may further lay down a significant ascending trend in the coming days. In the next 5 years, the CAKE price undergo a remarkable upswing and secure a double digit levels.
Therefore, the PancakeSwap price prediction for 2025 is around $45 to $48 while for 2030, the CAKE price prediction for 2030 could be a 3-digit figure.
|Year||CAKE Price Forecast|
|2022||$8.48 to $10.11|
|2023||$14.89 to $17.99|
|2024||$21.12 to $29.44|
|2025||$33.45 to $42.5|
Read more: CAKE Price Prediction 2025
PANCAKESWAP NEWS UPDATES:
- PancakeSwap, recently passed the proposal on deploying the CAKE token on the Aptos chain shortly. The proposal was let out for voting & passed and calling out for the projects on Aptos.
The Aptos deployment vote has passed!
PancakeSwap and the CAKE token will be deploying on Aptos shortly, with all our beloved products.
Calling out to projects on Aptos!
— PancakeSwap 🥞 #BSC (@PancakeSwap) October 24, 2022
- The platform before deploying CAKE on Aptos, announced the integration and cross-chair farming to Ethereum blockchain.
📢🧵Ethereum swap is Live on PancakeSwap
👀We know some sharp eyes have already noticed this
— PancakeSwap 🥞 #BSC (@PancakeSwap) October 4, 2022
Prices as on 31st October, 2022.