PancakeSwap Holds Gains After Strong Rebound
PancakeSwap (CAKE) rose 29% on Sunday and trades above $3.40 on Monday. The token bounced back from the 200-day Exponential Moving Average (EMA) and a local support line. This ended four days of losses with a bullish engulfing candle.
The next resistance is at $4.515, the level where CAKE reversed last Wednesday. If the price closes above this, it may rise to $6.603. This target aligns with the 1.272 Fibonacci extension from December 2 to February 3.
The Moving Average Convergence Divergence (MACD) is unclear after Friday’s bearish crossover. The Relative Strength Index (RSI) is at 54, showing a neutral market.
If CAKE fails to keep its gains, it might fall back to $2.245, the 50% retracement level.
Aster Aims to Continue Recovery Above $1.50
Aster (ASTER) gained 23% on Sunday and is up 1% on Monday. The token’s rebound came after 100 million ASTER tokens were bought back on Saturday, reducing supply and increasing demand.
ASTER trades above $1.50, with the immediate resistance at $1.60 on the 4-hour chart. A close above $1.60 could push the price toward $2.10.
The MACD and its signal line crossed upward on Sunday, showing growing bullish momentum. The RSI is steady at 48, indicating less selling pressure.
If ASTER drops below $1.50, it may test the recent low of $1.15 from Friday.
SPX6900 Faces Resistance After Big Gain
SPX6900 (SPX) fell 3% on Monday after a 28% rise on Sunday. The meme coin hit resistance at $1.35 and pulled back. It may retest the center Pivot Point at $1.12.
The RSI is neutral at 50 after the weekend rebound. The MACD and signal line show sideways movement, indicating short-term uncertainty.
If SPX breaks above $1.35, it could extend its recovery to $1.73.
