PancakeSwap price aims for a recovery above $20 in the near future. The decentralized exchange holds over $4 billion in liquidity. Only one key resistance level separates CAKE from new all-time highs. PancakeSwap has finally beaten Uniswap in terms of total value locked, reaching $4 billion in the past 24 hours. The decentralized exchange has quickly exploded in popularity due to the significant increase in gas fees on the Ethereum blockchain. PancakeSwap price on the brink of a 71% breakout On the 4-hour chart, CAKE has established a symmetrical triangle pattern with a resistance trendline formed at $13. A breakout above this key level will drive PancakeSwap price towards $21.7, a 71% move above the previous all-time high of $21.45. Considering how close to the upper boundary CAKE is, a breakout seems more likely. Additionally, TokenPocket has just announced a partnership with PancakeSwap. Users can stake CAKE to earn TPT or stake TPT or TPT-BUSD to earn cake. PancakeSwap is also holding an IFO (Initial Farming Offering) for YieldWatch, a platform that helps users keep track of their DeFi farming platforms. On the other hand, rejection from this level will force CAKE down to the lower boundary of the pattern at $9. A breakdown below this level will also drive the digital asset by 71% towards $2.6. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/GBP supported above 0.8600 with fundamental catalysts few and far between FX Street 1 year PancakeSwap price aims for a recovery above $20 in the near future. The decentralized exchange holds over $4 billion in liquidity. Only one key resistance level separates CAKE from new all-time highs. PancakeSwap has finally beaten Uniswap in terms of total value locked, reaching $4 billion in the past 24 hours. The decentralized exchange has quickly exploded in popularity due to the significant increase in gas fees on the Ethereum blockchain. PancakeSwap price on the brink of a 71% breakout On the 4-hour chart, CAKE has established a symmetrical triangle pattern with a resistance trendline formed at $13. A… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.