Is PancakeSwap on an upswing?
Yes, since April 1, 2022, PancakeSwap has been in a long-term upward trend and has increased by 51.63 percent over that period. The 200-day line is currently 103.79 percent away from the current price. It is 61.3 percent away from the 100-day line and 61.77 percent away from the 50-day line.
The PancakeSwap Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the PancakeSwap price over the next year. The most optimistic predicted a 12-month price target of $3.14, implying an 87 percent raise, while the worst-case scenario would be $2.38.
The most recent average price target for the next year is $2.71, and it's the most crucial.
This means that PancakeSwap has a potential -0.21% decrease in value for 2023.
CAKE - Relative Strength Forecast
CAKE - Trend Prediction
CAKE - Price Volatility Prediction
CAKE - Relative Strength
CAKE - Momentum Forecast
What Does the Future Hold for PancakeSwap?
PancakeSwap's long-term prospects appear to be excellent. 5 analysts predicted that PancakeSwap would reach $2.70 by March 2025. The PancakeSwap price is expected to be $2.69 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $2.67.