PancakeSwap (CAKE) was relatively less volatile compared to the crypto market. So far on Friday, the decentralized exchange has fallen 4.53% to $ 11.39.
InvestorsObserver gives PancakeSwap a 10 volatility rank. Find out what that means for you and get the rest of the leaderboard at PancakeSwap!
Low volatility
InvestorsObserver gives PancakeSwap a rank of 10 for low volatility and places it in the bottom 10% of cryptos in the market.
The volatility indicator keeps track of the last 60 days, which means that a day has failed or breaks the score. The low volatility of CAKE is paired with a low value on the risk / reward indicator, which means that the token has relatively narrow price fluctuations and is well protected against price manipulation.
The PancakeSwap price is well positioned for the future. With support at $ 10.66 and resistance at $ 11.87. This gives PancakeSwap leeway before it is exposed to selling pressure.
What is a token
Tokens are digital assets that are present in the blockchain of another cryptocurrency.
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