PancakeSwap (CAKEUSD) Price Forecast: April 5
The CAKEUSD pair still trades in an uptrend and is likely to keep rising as long as the bulls maintain their strong pressure on the coin, which is now running a positive race. On the other hand, the bulls’ trend would continue upward and might even reach the $9.00 upper high level and above if the coin prices maintain above the $5.00 high value.
Key Levels:
Resistance Levels: $5.00, $6.00, $7.00
Support Levels: $3.30, $3.20, $3.10
CAKE (USD) Long-term Trend: Bullish (Daily Chart)
CAKEUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the EMA-9, which means that it’s in a bullish market zone at the moment.
The price increase to the $3.80 high value during yesterday’s section has made the coin price trade above the supply level in its recent low.
The bears dropped the coin price to the $3.67 support level above the ema-9 as the daily chart resumes today. However, the current drop in the coin price has not affected the coin market as buyers who invest at this level will also make gains.
Likewise, staying above the supply trend level gives the bulls the tendency to influence price action.
Thus, if the bulls could prove harder and increase their buying pressure, the coin price might turn up from the $3.67 support and jump above the $5.08 supply mark, the bearish thesis would get invalidated and this may further extend the price of PancakeSwap to a $9.00 upper high level in the coming days in its long-term outlook.
CAKE (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference from the sell traders in the medium-term time frame, the CAKEUSD pair is in an upward move. 
The buy investors made an increase to the $3.79 resistance mark in the previous action and have made the coin price maintain its upward trend in its recent high.
After completing the dip-low at the $3.69 support value, the bulls pushed the coin price up to the $3.76 high level above the moving averages as the 4-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, if buyers should increase their momentum and close the hourly chart above the $4.00 resistance mark, the potential bullish rally could hit the $9.00 supply value in the days ahead in its medium-term perspective.
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