PancakeSwap price analysis: CAKE offers investing opportunity after falling below $1.5

PancakeSwap price analysis shows an extension of the current bearish run in place, as the token dropped 9 percent over the past 24 hours to drop below its earlier support at $1.5. CAKE has been in a downward trend since April 24 when price was at $3.3, and has since declined more than 45 percent.