<strong><em>PancakeSwap and SushiSwap bulls are shaky. After strong gains in August 2021, CAKE prices might retrace towards $20 and $15 if buyers don't flow back.</em></strong>
<h2>PancakeSwap (CAKE)</h2>
The largest DEX in the Binance Smart Chain (BSC) ecosystem uses CAKE for governance.
<h3>Past Performance of CAKE</h3>
The PancakeSwap token is pulling back from H2 2021 highs, facing headwinds after days of consolidation.

At the time of writing, CAKE crypto prices are retesting the 20-day moving average, falling six percent on the last trading day.

Overall, buyers are still in control. However, if there is a follow-through of August 30 losses, the CAKE token could plunge even lower in the days ahead.
<h3>Day-Ahead and What to Expect</h3>
As per PancakeSwap technical analysis in the daily chart, sellers are in control in the immediate term.

On the upper end, CAKE coin <a href="https://www.cryptoknowmics.com/news/pancakeswap-cake-and-bakerytoken-bake-technical-analysis-bulls-print-new-august-2021-highs/">bulls face resistance</a> at $26.

If there are profound losses below the middle BB and $20, the PancakeSwap crypto prices may fall back to $15—or worse in the medium term.
<h3>PancakeSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/08/PancakeSwap-Price-Daily-Chart-for-Aug-31.png"><img class="alignnone size-full wp-image-211021" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/08/PancakeSwap-Price-Daily-Chart-for-Aug-31.png" alt="PancakeSwap Price Daily Chart for Aug 31" width="1366" height="768" /></a>

The path of least resistance is northwards as per CAKE technical analysis.

However, there could be more validation of the uptrend if CAKE prices trend above the middle BB and ideally above $26 in a bullish breakout pattern.

Losses below the 20-day moving averages and $20 exposes PancakeSwap bulls to selling pressure as bears target $15.
<h2>SushiSwap (SUSHI)</h2>
The Uniswap fork now commands over $4.7 billion using SUSHI tokens for governance.
<h3>Past Performance of SUSHI</h3>
The tide is changing for SUSHI bulls reading from SushiSwap technical analysis in the daily chart.

Although there are hints of strengths, SUSHI crypto bears are unloading on pullbacks.

At the time of writing, SushiSwap token prices are relatively stable, adding roughly five percent on the last trading day.
<h3>Day-Ahead and What to Expect</h3>
SUSHI token trading volumes are shrinking, indicating apprehensiveness.

Besides, sellers appear to be in control with SushiSwap coin bear bars banding along the lower BB.

Technically, unless there is a <a href="https://www.cryptoknowmics.com/news/uniswap-uni-and-sushiswap-sushi-technical-analysis-back-to-all-time-highs/">reversal</a> back above the middle BB, SushiSwap bears are in the driving seat.
<h3>SushiSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/08/SushiSwap-Price-Daily-Chart-for-Aug-31.png"><img class="alignnone size-full wp-image-211022" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/08/SushiSwap-Price-Daily-Chart-for-Aug-31.png" alt="SushiSwap Price Daily Chart for Aug 31" width="1366" height="768" /></a>

Reading from price action in the daily chart, every high may be an unloading opportunity.

The immediate target stands at $10.

On the reverse side, if SUSHI bulls flow back, unwinding losses of the tail end of August, SushiSwap prices might rebound above $12 towards August 2021 highs of around $15.

PancakeSwap (CAKE) and SushiSwap (SUSHI) Technical Analysis: The End of the Road for Bulls

PancakeSwap and SushiSwap bulls are shaky. After strong gains in August 2021, CAKE prices might retrace towards $20 and $15 if buyers don't flow back.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

PancakeSwap (CAKE) and SushiSwap (SUSHI) Technical Analysis: The End of the Road for Bulls

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