Update
CAKE Faces Selling Pressure
PancakeSwap (CAKE) faces continued selling pressure as buyers seek to recover from the downtrend channel and near resistance levels. The daily chart shows a lengthy decline within a descending channel, with sellers maintaining control and buyers unable to sustain recoveries above $1.92. The market remains within a narrow range, with the 1.93-1.94 range presenting a tougher resistance zone for buyers.