Binance Coin (BNB) and Pancakeswap (Cake) have recently signaled a strong recovery. According to analysts, these two Altcoin can make an increase of up to 20 %in the coming days. So, what are the factors that will trigger this rise? Here are the details!
Binance Coin(BNB) Prepared for ascension
Binance Coin has experienced a significant increase in the volume of transaction in recent days. This shows that investors’ interest in BNB has increased and great purchases have come. Technical indicators also indicate that the bull market is strengthened. Especially the 50 -day moving average supports the upward movement of the price.
According to analysts, if the BNB price exceeds $ 350, a rapid output may be experienced towards $ 380. If this level is passed, the psychological resistance of $ 400 can be tested. However, the general market trend is also very important. Bitcoin and Ethereum’s performance can support or limit the rise of BNB.
Pancakeswap Taurus signal for (Cake)
Pancakeswap (Cake) price has shown a stable rise in recent weeks. One of the biggest reasons behind this rise was the increase in liquidity on the platform. In addition, Cake’s deflationist structure offers an attractive opportunity for investors. The increase in the amount of token burned every week allows the price to gain upward acceleration.
Technical analysis shows that Cake price can reach $ 3.50. If this resistance is broken, the price may rise up to $ 4.20. However, there are important levels that Cake investors should pay attention to. If the price falls below $ 3.10, a short -term correction may be experienced.
Bnb andCake Market expectations for
For both BNB and Cake, investors need to erect their eyes on general trends in the market. If Bitcoin continues to rise, these two tokens can make a strong rally. However, if there is an unexpected wave of sales, short -term fluctuations may be seen in prices.
As a result, technical indicators and market dynamics indicate that BNB and Cake may experience a strong rise in the coming days. It is of great importance to follow critical levels for investors.
