Popular crypto analyst believes that one altcoin from a decentralized exchange is poised to break out.
Kaleo, the pseudonymous Analyst tells His 634,800 social media followers that he has on the platform X. “still a believer” PancakeSwap is a new way to swap pancakes (CAKE), the top DEX on the BNB chain.
Decentralized Finance (DeFi), an altcoin, is a good alternative to Bitcoin.BTC).
“I think the bottom is in for its BTC pair and we see a break out of this downtrend it’s been stuck in the past several years as soon as BNB is pushing new highs.”
Kaleo thinks CAKE has a chance to gain ground against the USD based upon a trend that is repeated every year since November 20,23.
Every leg upward in the current range is followed by an aggressive wick downward.
“I don’t understand why the next time around will be different.”
CAKE’s price is $2.72. CAKE is trading at $2.72 as of the time this article was written.
Kaleo believes BNB BNB “playing out perfectly” Due to “giga send soon.”
BNB was trading at $536.99 when this article was written. The market cap of the fourth-ranked cryptocurrency asset has dropped more than 3% over the past 24 hour.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Join us! Twitter, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Do your research before investing high risk money in Bitcoins, cryptocurrencies or digital assets. You are responsible for all transfers and trading. own You are responsible for any losses you might incur. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com