Pancakeswap Price Analysis: CAKE sets a higher low at $24.25, ready to break above $26?

TL;DR Breakdown Pancakeswap price analysis is bullish for today.CAKE/USD set another higher low at $24.25 yesterday.CAKE starts to rally again. Pancakeswap price analysis is bullish for today as the market set a higher low at $24.25 yesterday and consolidated to form a base from which to move higher overnight. Therefore, we expect CAKE/USD to rally higher later today and look to finally break the $26 resistance. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leader, Bitcoin, is up by 1.84 percent, while Ethereum is up by 3.24 percent. Meanwhile, Cardano (ADA) is among the best performers, with a gain of 0.4 percent. Pancakeswap price movement in the last 24 hours: Pancakeswap established another higher low at $24.25 CAKE/USD traded in a range of $24.22 – $25.53, indicating a low amount of volatility over the last 24 hours. Trading volume has decreased by 18.55 percent and totals $544.9 billion, while the total market cap trades around $5.45 billion, ranking the cryptocurrency in 29th place overall. CAKE/USD 4-hour chart: CAKE on its way past $26? On the 4-hour chart, we can see the Pancakeswap price moving higher over the past hours as bulls are ready to break the $26 resistance. CAKE/USD 4-hour chart. Source: TradingView The Pancakeswap price action has traded with a strong and steady bullish momentum over the past month. After setting a higher sw...