The technical chart indicates the CAKE token is still under a short-term downtrend. Last week the price attempted a bullish reversal when it breached the $12.6 resistance. However, the intense selling rejected the price immediately, resulting in a beartrap. Thus, the token would plunge to the $10 mark, where the buyers and sellers will decide The post CAKE Price Analysis: Do Or Die For Pancakeswap (CAKE) As It Fails To Flip $12.2 Resistance appeared first on CoinGape.