Our beloved altcoins have decreased significantly and rapidly what could have really scare investors and fans of these tokens. PancakeSwap was levitating really high, ca. 9% above the line to almost get rid off all the profit drifting near 3% at the time I’m writing. SHIB has fluctuated with even worse consequences as at the time we’re looking at the charts it’s -2%
Daily charts (courtesy of TradingView.com) show the dynamics were slightly different. As the price lines show in the morning (6 a.m.) they weren’t, but a few hours later CAKE price simply stepped in the rocket and has been accelerating for over 6 hours to decline shortly after these rally.
SHIB has behaved differently as it has been keeping the 1% gain line for such a long time to surprisingly decrease about 3 p.m. The plunge was common for all of tokens we review in this short analysis – CAKE, SHIB and LUNA – they’ve all declined.
PancakeSwap (CAKE) Price Chart - Daily
Shiba Inu (SHIB) Price Chart – Daily
Terra (LUNA) Price Chart - Daily
Data/Source: TradingView.com
Charts: Courtesy of TradingView.com
