Polyhedra launches initiative to reward stakers in ZKJ crash
Phoenix Revival Program Launch: Polyhedra has introduced the Phoenix Revival Program to reward users who supported the project during its liquidity crisis on June 15, offering early access to future airdrops and incentives based on their staking power at that time.
Shift in Strategy: Following a significant drop in the ZKJ token's value, Polyhedra is refocusing on zero-knowledge infrastructure, including new products like a decentralized exchange and a compliance-ready stablecoin, while also injecting liquidity into DEX pools to stabilize the situation.
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Technical Analysis for CAKE
Technical Sentiment Analysis for PancakeSwap (CAKE) As of , PancakeSwap (CAKE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CAKE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CAKE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
PancakeSwap (CAKE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.662 | 0.925 | 1.186 | 1.449 | 1.71 | 1.973 | 2.234 |
| Fibonacci | 0.925 | 1.125 | 1.249 | 1.449 | 1.649 | 1.773 | 1.973 |
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