{"id":219580,"date":"2023-12-27T18:10:00","date_gmt":"2023-12-27T12:40:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-price-prediction-for-december-27th-cake-mina-astr-crypto-news\/"},"modified":"2023-12-27T18:10:03","modified_gmt":"2023-12-27T12:40:03","slug":"crypto-price-prediction-for-december-27th-cake-mina-astr-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-price-prediction-for-december-27th-cake-mina-astr-crypto-news\/","title":{"rendered":"Crypto Price Prediction For December 27th: CAKE, MINA, ASTR &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-171299\">\n<p>\nCrypto Price Prediction: Amid a bearish week, the crypto market witnessed a surge in buying pressure on December 27th triggering a new relief rally.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"630\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cryptocurrency-coins-crypto-trading-platform.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Crypto Price Prediction\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cryptocurrency-coins-crypto-trading-platform.png 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cryptocurrency-coins-crypto-trading-platform-300x158.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cryptocurrency-coins-crypto-trading-platform-768x403.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cryptocurrency-coins-crypto-trading-platform-150x79.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 23 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Crypto Price Prediction: The crypto market is bearish for the last week of the year prolonging a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-prediction-as-pattern-threatens-16-down\/\">correction phase<\/a> in leading coins like Bitcoin and Ethereum. However, On Wednesday, the crypto market witnessed a notable uptick, offering a relief rally to the majority of major cryptocurrencies. With this minor push tokens like PancakeSwap(CAKE), Astar (ASTR), and Mina (MINA) showcased double-digit gains in the last 24 hours, projecting theirs despite market uncertainty.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">The global cryptocurrency market capitalization now stands at $1.65 trillion, marking a slight decline of 0.23% in the past day. On the other hand, the total volume of transactions has seen a significant rise of 6.38% in the last 24 hours, reaching $75.52 billion.<\/span><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-evangelist-fred-krueger-calls-solana-innovations-pure-science-fiction\/\">Blockchain Expert Expects Historic Bitcoin ETF Approval By January 10<\/a><\/p>\n<h2><b>PancakeSwap Strategic Token Burn Fuels CAKE Price Rally Beyond $3.5<\/b><\/h2>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"CAKE Price\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/1PaXqBAX.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/1PaXqBAX.png\" alt=\"CAKE Price\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">CAKE Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/pancakeswap\/\">PancakeSwap token price<\/a> has exhibited remarkable resilience amid prevailing market consolidation, successfully maintaining its position above the $2.1 mark and continuing its upward trajectory.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past week, the token\u2019s value soared by 57%, reaching a current trading price of $3.37. This increase is punctuated by a significant breakout from a falling wedge pattern. A key factor driving this surge is the PancakeSwap team\u2019s recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/pancakeswap-team-burns-10-mln-tokens-cake-price-soars-25\/\">burning of 10.16 million CAKE<\/a> tokens, equivalent to about $34 million, on December 26.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The CAKE price had been on a downward slope for more than a year, influenced by the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/pancakeswap-price-prediction-whats-next-for-cake-after-68-weekly-surge\/#:~:text=In%20ideal%20conditions%2C%20the%20CAKE,indicating%20a%2058%25%20potential%20rise.\">falling wedge pattern<\/a>. However, during this rally, the token broke through the upper boundary of the wedge, signaling a potential trend reversal.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">As of the latest updates, the MATIC price is $3.53, demonstrating stability above the newly surpassed $3.5 level, with evidence of long-tail rejection. Under optimal conditions, the CAKE price is poised for an ascent to the highest point of the wedge pattern, situated around $5.5, suggesting a possible 58% increase in value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A large spread between the MACD and the signal line in a bullish crossover reflects buyers\u2019 dominance in this asset.<\/span><\/p>\n<h2><b>Bullish Pattern Breakout Sets Mina Price Rally to Chase $2<\/b><\/h2>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Mina Price\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/i\/iGYrhBWy.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/i\/iGYrhBWy.png\" alt=\"Mina Price\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Mina Price| TradingView Chart<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Defying the current market uncertainty, the MINA token price has risen for nine consecutive days, standing out as the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/arbitrum-cardano-and-mina-protocol-potential-2024-collaboration-on-the-horizon\/\">highest weekly gainer<\/a>. From $0.675 low, the coin price has rallied nearly 119% to hit a 20-month high of $1.486<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid this rally, the buyers breached the $1.26 neckline resistance of the bullish reversal pattern called the double bottom. This chart often spotted at market bottoms indicates increased accumulation from investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By the press time, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/mina-protocol\/\">MINA price<\/a> trades at $1.4 with a modest intraday gain of 0.47%. If the coin manages to sustain above the reclaimed barrier, the coin price could prolong its recovery 55% higher to hit $2.15.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> slope at 81% reflects buyers are driving an aggressive recovery rally. However, as per this momentum indicator, this asset is also on the verge of being overbought region.<\/span><\/p>\n<h2><b>Here\u2019s Why ASTR Price May See 56% Breakout Rally\u00a0<\/b><\/h2>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ASTR Price\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pc9btFCQ.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pc9btFCQ.png\" alt=\"ASTR Price\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">ASTR Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In line with general bullish sentiment and the formation of a double bottom pattern, the ASTR coin price has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/astar-network-astr-soars-to-12-month-high-on-upbit-listing\/\">traveled an aggressive rally<\/a> since late October. This bull run showcased a jump from $0.0385 to $0.13 registering 240% growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On December 26th, this rising price gave a decisive breakout from $0.116 from a double bottom pattern. Moreover, a 10% jump today offers a suitable follow to this breakout accepting the buyer\u2019s conviction for a prolonged rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In favorable bullish conditions, the post-breakout could prolong the ASTR price to 56% higher to hit $0.2.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">The Average Direction index value at a high of 59% hints the buyers would trigger a minor pullback to take a breather<\/span><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.72.1\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" 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\n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD171299\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Price Prediction: Amid a bearish week, the crypto market witnessed a surge in buying pressure on December 27th triggering a new relief rally. Published 23 seconds ago Crypto Price Prediction: The crypto market is bearish for the last week of the year prolonging a correction phase in leading coins like Bitcoin and Ethereum. However, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":208852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-219580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=219580"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219580\/revisions"}],"predecessor-version":[{"id":219581,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219580\/revisions\/219581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/208852"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=219580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=219580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=219580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}