A popular crypto analyst thinks one decentralized exchange (DEX) altcoin is primed for a breakout.<\/p>\n
The pseudonymous analyst Kaleo tells<\/a> his 634,800 followers on the social media platform X that he\u2019s \u201cstill a believer\u201d in PancakeSwap (CAKE<\/a>), the top DEX on the BNB<\/a>\u00a0chain.<\/p>\n He thinks the decentralized finance (DeFi) altcoin looks good against Bitcoin (BTC<\/a>).<\/p>\n \u201cI think the bottom is in for its BTC pair and we see a break out of this downtrend it\u2019s been stuck in the past several years as soon as BNB is pushing new highs.\u201d<\/span><\/em><\/p>\n Kaleo also believes CAKE is due for a leg up against the dollar based on a pattern that\u2019s been repeated since November 2023.<\/p>\n \u201cEvery leg up in its current range was proceeded by an aggressive wick to the downside.<\/em><\/p>\n Don\u2019t see why this time will be any different.\u201d<\/em><\/p>\n CAKE is trading at $2.72 at time of writing. The 125th-ranked crypto asset by market cap is down more than 2% in the past 24 hours, more than 29% in the past week and nearly 34% in the past month.<\/p>\n Kaleo also believes<\/a> BNB is \u201cplaying out perfectly\u201d and is due to \u201cgiga send soon.\u201d<\/p>\n BNB is trading at $536.99 at time of writing. The fourth-ranked crypto asset by market cap is down more than 3% in the past 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A popular crypto analyst thinks one decentralized exchange (DEX) altcoin is primed for a breakout. The pseudonymous analyst Kaleo tells his 634,800 followers on the social media platform X that he\u2019s \u201cstill a believer\u201d in PancakeSwap (CAKE), the top DEX on the BNB\u00a0chain. He thinks the decentralized finance (DeFi) altcoin looks good against Bitcoin (BTC). […]<\/p>\n","protected":false},"author":2,"featured_media":285035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-285034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285034","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=285034"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285034\/revisions"}],"predecessor-version":[{"id":285037,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285034\/revisions\/285037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/285035"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=285034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=285034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=285034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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