Trending PancakeSwap Coin May Soon Hit The $5.5; Enter Now?

The crypto market faced multiple sell-offs over the past three months caused by events such as High CPI data, US Fed interest rate hikes, etc. This intense selling pressure caused even the major cryptocurrencies to revisit their 2022 low. However, fighting-off such affairs, the Pancakeswap coin price has maintained a steady rally using a long-coming support trendline 

Key points from Pancakeswap coin analysis

• The Pancakeswap coin traders can maintain a bullish sentiment until the support trendline is intact
• The 50-and-100-day EMA nearing a bullish crossover could increase market demand.
• The intraday trading volume in the Litecoin coin is $50.1 Million, indicating a 53% gain.

Source- Tradingview

The pancakeSwap coin price has shown steady growth with new higher highs and highs and lows over the past three months. During this rally, altcoin retested the ascending support trendline multiple times, indicating the traders are actively buying at this support.

Furthermore, the last bull run turned down from the multiple-month resistance level