PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs?

The post PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs? appeared first on Coinpedia Fintech News

With the altcoins’ rising rank and a boom in the market cap of major coins, the crypto industry is gaining momentum. Further, as the market approaches $2 Trillion cap, the DEX tokens are resurging back into momentum. 

With PancakeSwap (CAKE) and Uniswap (UNI) showcasing a trend reversal, the buyers are going out of control. So, let’s have a closer look at their charts. Will the CAKE price cross $4? Will UNI continue the uptrend to $1 this year?

Let’s find out more in the price analysis below. 

Will the CAKE price resurge to $0.25? 

With a bullish revival, the CAKE price bounces above the 50-day EMA with a boom in trading volume. Sustaining dominance over the 200-day EMA, the altcoin avoids the death cross. 

Source: TradingView

With the buyers reclaiming the 38.20% Fibonacci level, the CAKE price is ready to challenge the $3 mark. Despite the recent jump above 50D EMA, the consolidation move presents a delay in the breakout.

The bullish break of the $2.80 or $3 mark will signal an entry opportunity for the sideline traders and a trend reversal. With the altcoin on the verge of a breakout and improving market sentiments, the CAKE price can result in a jump to the $4 mark in the coming weeks. 

Is Uniswap Topping $10 Soon?

With a bullish jump of 34%, the UNI price is challenging the overhead resistance at $7.80. The ongoing brawl at this supply zone marks the possibility of a double-top pattern for igniting a correction phase. 

Source: TradingView

Moreover, as per the trend-based Fibonacci levels, the Uniswap prices need to revert from the 38.20% fib level. In case of a reversal, the altcoin will mark a successful post-retest reversal and could find a surge in trading volume. 

With a $4.45B market cap, Uniswap ranks 22nd in the list of biggest crypto. Trading at a low of 84% from its all-time high of $44.97, the potential is huge in case the altcoin reverses its long-term trend. 

Therefore, if the UNI price breaks the $7.80 mark, the breakout run can reach the $10 mark.