CAKE Price Jumps 2.8% as PancakeSwap Teases a Major Announcement

• CAKE gains 2.8% as PancakeSwap teases major update, boosting short-term outlook
• Price holds above $2.60 with bullish indicators pointing to breakout toward $2.75
• Analysts forecast over 115% upside by December, citing strong liquidity and demand

PancakeSwap’s native token, CAKE, is gaining attention with a steady climb in price, currently trading at $2.64 after posting a 2.8% gain in the last 24 hours.

This momentum is being fueled by a teaser from the PancakeSwap team, who hinted on their official X page that a major announcement is coming soon. 

Related: PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume

CAKE Price Analysis: Key Levels to Watch

CAKE token started the session near $2.56 before breaking higher, showing strong buying activity, especially in the second half of the trading period. Currently, $2.55 acted as a key support level for CAKE’s price, with $2.56 marked as an intraday pivot. 

If CAKE can maintain its position above the $2.60 mark, the next immediate resistance lies…

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