Whistleblower Alleges That 50% of PancakeSwap Contest Winners Are Linked
Allegations of Collusion: A whistleblower claims that half of the winners in PancakeSwap's trading competition had interconnected wallets, suggesting potential collusion and raising questions about the fairness of the prize distribution.
Lack of Response from PancakeSwap: Despite the serious allegations and findings from on-chain analysis indicating suspicious wallet clustering, PancakeSwap has not issued any public comments or addressed concerns regarding the integrity of the competition.
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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 | 0.663 | 0.926 | 1.187 | 1.45 | 1.711 | 1.974 | 2.235 |
| Fibonacci | 0.926 | 1.126 | 1.249 | 1.45 | 1.65 | 1.773 | 1.974 |
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