ПанцакеСвап'с ТОРТА token is at a crucial crossroads battling long-term resistance above the $4.50 mark.
Замјена палачинки has been high on crypto investors’ watchlist over the last week. Despite the larger bearish market conditions, CAKE has managed to outperform most of the cryptocurrencies in the top 100 assets by market cap, closing the day and week in green.
Social anticipation running high for CAKE
At press time, CAKE registered over 8% gains on the weekly time frame as its price oscillated at the $4.60 mark. CAKE has managed to maintain its spot in the top three tokens on CoinMarketCap’s trending list for a few days.
After recovering from the under $4.0 price level, the coin gained over 12% in the last seven days and was one of the few tokens that flashed green on the one-hour, one-day, and one-week charts.
Additionally, insights from LunarCrush highlighted that the token ranked just behind the top performer XRP in the list of the top 10 coins by one-week AltRank. These rankings present an insight into the coin’s social metrics and often rank coins according to the bullish anticipation around their price.
Source: https://beincrypto.com/will-pancakeswap-cake-token-gain-enough-retail-interest-to-rally/