PancakeSwap, Stellar and Tezos face technical pressure ahead of January upgrades

Beincrypto says PancakeSwap (CAKE), Stellar (XLM) and Tezos (XTZ) face major developments in the third week of January.

PancakeSwap is trading near $2.01 and has shown heightened volatility, with support at $1.99 and the Money Flow Index below the neutral 50.0 level; the report notes CAKE could retest $1.94 while a community-backed proposal to cut maximum supply from 450 million to 400 million tokens may lift the price toward $2.05–$2.13. Stellar was trading near $0.215 after a 12% drop in 24 hours and a brief intraday low of $0.202; a descending triangle breakdown points to a potential 14% decline, with $0.210, $0.201 and $0.188 cited as downside levels, while the Protocol X-Ray upgrade is set to launch on mainnet this week. Tezos fell 9.7% over 48 hours and trades near $0.559 above a $0.555 support that has held for nearly two weeks; the Chaikin Money Flow shows outflows and a break of $0.555 could see XTZ toward $0.517.

What happens next will hinge on market sentiment and the outcomes of on-chain events: the CAKE supply-cut proposal has strong community support and could boost scarcity, Protocol X-Ray may reverse Stellar’s momentum, and the Tezos Tallinn upgrade, scheduled this week, is intended to increase speed, efficiency and security and could help XTZ defend $0.555 and rebound toward $0.626; conversely, sustained selling pressure could push the coins toward the lower targets noted above.

Key Topics

Crypto, Pancakeswap, Cake, Stellar, Xlm, Tezos