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PancakeSwap and BakeryToken are posting superior gains. CAKE prices could reach $43 in the medium term, trading in a bullish breakout pattern above $20.
PancakeSwap (CAKE)
The multi-audited DEX, PancakeSwap, is the largest in the Binance Smart Chain (BSC) ecosystem, using CAKE for governance.
Past Performance of CAKE
PancakeSwap crypto buyers are on top of bears, reading from CAKE technical analysis in the daily chart.
When going to press, the CAKE token is relatively stable versus BTC and ETH on the last day of trading.
Even so, trading volumes are rising, subsequently buoying optimistic buyers targeting $43 in the medium term.
Day-Ahead and What to Expect
Technically, CAKE coin price action favors buyers.
The token is trading within a bullish breakout pattern, clearing $20, a key liquidation level.
With CAKE crypto bars banding along the upper BB, the underlying momentum is high, a development translating to higher volatility.
PancakeSwap Technical Analysis
From the CAKE token price action in the daily chart, buyers are driving prices above last week's high.
As it is, every low could be a buying opportunity for traders targeting May 2021 highs and $43 in the medium term.
This prognosis holds the CAKE price trend above $20—validating the bullish breakout pattern above June 2021 highs.
BakeryToken (BAKE)
The swapping platform is one of the most active in the BSC ecosystem. BAKE is central and valuable in governance.
Past Performance of BAKE
BakeryToken prices are bottoming up, invalidating sellers of late June 2021.
As of writing, BAKE crypto bulls appear to be building on August 22 wide-ranging gains in a trend continuation, thrusting the token into new H2 2021 territory.
BAKE coin is down five percent on the last trading day. However, it is above July 2021 highs in a bullish breakout pattern, trending at around August 2021 highs.
Day-Ahead and What to Expect
BAKE token prices are trading in a bullish breakout pattern as per BakeryToken technical analysis in the daily chart.
Following gains of August 22, confirming buyers, there could be entries on dips above $3 and above the middle BB in the days ahead.
BakeryToken bulls are setting their eyes on $8.5 in the medium term.
BAKE Technical Analysis
Candlestick arrangements in the daily chart and August 22 thrusts signals strength as BAKE token bottoms from June and July 2021 lows.
As it is, BAKE buyers are in control—a reason for traders to possibly search for entries towards $8.5.
Losses below $2.5 cancel the uptrend, slowing down bullish momentum even contributing to the dump towards $2.