<em><strong>PancakeSwap and TrustSwap posted encouraging signals on the last trading day. CAKE is firm above $20, while SWAP may recover if bulls hold above $0.85.</strong></em>
<h2>PancakeSwap (CAKE)</h2>
The DEX is the largest in the Binance Smart Chain (BSC) ecosystem using CAKE as the primary governance token.
<h3>Past Performance of CAKE</h3>
The PancakeSwap token is swamped by sellers as per the CAKE technical analysis in the daily chart.

Even though there are attempts to unwind reds, CAKE crypto is dangling and may post even more losses in the weeks ahead.

As of writing, CAKE is steady, adding three percent against the USD.
<h3>Day-Ahead and What to Expect</h3>
There are <a href="https://www.cryptoknowmics.com/news/cake-technical-analysis-will-it-give-a-bullish-breakout/">notable lower lows</a> as CAKE coin prices trace the lower BB--this hints of weakness.

Accordingly, the only way for PancakeSwap traders to shake off sellers is if there is a close above $20.

However, if CAKE token bears are relentless, prices may drop below $17, continuing the early September 2021 trend.
<h3>PancakeSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/PancakeSwap-Daily-Chart-for-September-30.png"><img class="alignnone size-full wp-image-215387" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/PancakeSwap-Daily-Chart-for-September-30.png" alt="PancakeSwap Daily Chart for September 30" width="1366" height="768" /></a>

CAKE coin sellers are undoubtedly in control, reading from price action in the daily chart.

Even so, a close above $20 may ignite demand, lifting CAKE prices back to September 2021 highs of $27.

Meanwhile, losses below the 78.6 percent Fibonacci retracement of the July to August trade range might spark a sell-off towards $15—or worse.
<h2>TrustSwap (SWAP)</h2>
The TrustSwap platform aims to power customizable transactions in DeFi and across the crypto industry using SWAP currency.
<h3>Past Performance of SWAP</h3>
There is a <a href="https://www.cryptoknowmics.com/news/trustswap-swap-and-the-graph-grt-technical-analysis-bulls-ignited/">gap down</a>, but TrustSwap crypto prices are firm, rebounding from a critical support line.

At the time of writing, the SWAP token is stable versus the greenback, soaking selling pressure.
<h3>Day-Ahead and What to Expect</h3>
From SWAP technical analysis in the daily chart, buyers are beginning to stream in, explaining the encouraging bounce back.

However, as long as TrustSwap coin prices are below $1, sellers are in control.

The short-term reaction of SWAP coin prices would be determined from the reaction at $0.85.
<h3>TrustSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/TrustSwap-Daily-Chart-for-September-30.png"><img class="alignnone size-full wp-image-215388" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/TrustSwap-Daily-Chart-for-September-30.png" alt="TrustSwap Daily Chart for September 30" width="1366" height="768" /></a>

The SWAP crypto price is reacting, reversing losses from the 78.6 percent Fibonacci retracement level of the July to August 2021 trade range.

A surge above $1 would trigger demand, lifting SWAP token as bulls find footing for a potential reversal to $1.70—or better.

On the flip-side, deeper losses below $0.85 may see TrustSwap bears fully unwind gains of July through August 2021.

PancakeSwap (CAKE) and TrustSwap (SWAP) Technical Analysis: Bears Giving Up?

PancakeSwap and TrustSwap posted encouraging signals on the last trading day. CAKE is firm above $20, while SWAP may recover if bulls hold above $0.85.

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 TrustSwap (SWAP) Technical Analysis: Bears Giving Up?

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