<em><strong>Tron buyers are giving up gains as TRX tethers above $0.08. Meanwhile, PancakeSwap bulls are struggling--CAKE is at new H2 2021 lows.</strong></em>
<h2>Tron (TRX)</h2>
The dPoS smart contracting platform uses TRX as the central currency.
<h3>Past Performance of TRX</h3>
The Tron coin is free-falling, dropping lower on increasing selling pressure.

From the TRX technical analysis, the path of least resistance is southwards.

As TRX crypto trails the greenback, price action is aligned with sellers in the short-to-medium term.
<h3>Day-Ahead and what to Expect</h3>
Tron token sellers are in control, as aforementioned. Specifically, TRXUSDT is within a bear breakout pattern.

However, of primary concern is the possibility of the TRX coin sinking below $0.08—a four-month support line.

A confirmation of December 4 may make the situation even direr for Tron token sellers who have been struggling to edge higher from late November 2021.
<h3>Tron Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Tron-Daily-Chart-for-December-6.png"><img class="alignnone size-full wp-image-223265" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Tron-Daily-Chart-for-December-6.png" alt="Tron Daily Chart for December 6" width="1366" height="768" /></a>

From the TRXUSDT daily chart, Tron sellers are visibly in control.

Besides the bear breakout pattern of late November 2021, the confirmation of December 4 only cements sellers' position. Notably, the dip is with high trading volumes.

Although there was a healthy pullback, the inability of buyers to follow through on December 5 places price action in the hands of sellers.

In the short-term, sellers may unload on pullbacks to target $0.08—August 2021 lows.
<h2>PancakeSwap (CAKE)</h2>
The largest DEX on the Binance Smart Chain (BSC) uses CAKE for governance.
<h3>Past Performance of CAKE</h3>
The PancakeSwap token is trading in new H2 2021 lows following the weekend's sharp drawdown.

Based on this development, aggressive PancakeSwap coin traders may trade with the trend, unloading targeting all-time lows.
<h3>Day-Ahead and what to Expect</h3>
CAKE token sellers are rampant as per the PancakeSwap technical analysis in the daily chart.

At spot levels, CAKEUSDT is pulling back. However, it remains to be see that CAKE crypto prices are on the brink of registering 2021 lows should there be a confirmation of December 4 losses.

Notice that the immediate resistance line and buy trigger is at $11—marking Q3 2021 lows.
<h3>PancakeSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/PancakeSwap-Daily-Chart-for-December-6.png"><img class="alignnone size-full wp-image-223262" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/PancakeSwap-Daily-Chart-for-December-6.png" alt="PancakeSwap Daily Chart for December 6" width="1366" height="768" /></a>

The <a href="https://www.cryptoknowmics.com/news/pancakeswap-cake-and-balancer-cake-technical-analysis-buyers-not-convincing/">downtrend</a> has distinguishingly high trading volumes pointing to CAKE coin sellers' determination.

Printing this out is the CAKEUSDT swing low banding along the lower BB, indicating high momentum and volatility.

Following the break below $11 on December 4 and the follow through on December 5, CAKE traders may dump the coin on every attempt higher, aiming at $9.

For uptrend resumption, there must be a close above $11 plugging the drain and swinging CAKE prices back to green.

Tron (TRX) and PancakeSwap (CAKE) Technical Analysis: Sellers Rampant

Tron buyers are giving up gains as TRX tethers above $0.08. Meanwhile, PancakeSwap bulls are struggling--CAKE is at new H2 2021 lows.

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.

Tron (TRX) and PancakeSwap (CAKE) Technical Analysis: Sellers Rampant

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