PancakeSwap price analysis: CAKE fails to recover after dropping below $1.5

PancakeSwap price analysis continues to show a declining trend in place for the token, as price dipped further below its previous support zone at $1.5 over the past 24 hours. CAKE dropped as low as $1.31 today, recording a further 6 percent decrement from yesterday’s price. The token has continued to decline since June 5,…