CAKE Price Pops 11% as DEX Volume Skyrockets and PancakeSwap Infinity Goes Live
- PancakeSwap trading volume spiked to $2.2B, lifting CAKE by 11% in one day.
- Analysts see a possible breakout above $2.74, with a short-term target of $3.33.
CAKE, the native token of PancakeSwap, surged 11% in just 24 hours, climbing from $2.45 to $2.72, fueled by a massive spike in trading volume. According to DeFiLlama, the decentralized exchange posted over $2.2 billion in volume, a jump of more than 37%, overtaking even Uniswap and locking PancakeSwap into the top spot across all DEXs.
The price action comes after a month-long recovery, where CAKE bounced back by over 26% from its April low of $1.61. That support zone now looks solid as momentum builds. The rally isn’t just about market vibes—there’s real infrastructure pushing this move.
PancakeSwap Infinity Unleashes a New Era of DeFi Flexibility
The recent launch of PancakeSwap Infinity is proving to be a game-changer. This isn’t just another update—it’s a fundamental protocol overhaul. Infinity introduces new architecture built for power users, featuring advanced AMMs like concentrated liquidity and liquidity books, allowing liquidity providers to earn more efficiently with tighter spreads.
The market reaction was swift. CAKE volume soared, and community sentiment flipped bullish. Even PancakeSwap’s official announcement declared: “The future of DEX is here. PancakeSwap Infinity is live!”
While Pendle and others saw sharp volume gains, they couldn’t keep pace. PancakeSwap hit $2.2B, while Pendle capped out at $126M—impressive, but nowhere near the CAKE rush.
Indicators Support Further Upside as $3.33 Comes Into View
The chart looks strong for CAKE. Right now, it’s trading comfortably above all its major moving averages—from the 10-day to the 200-day EMAs—which signals clear bullish control. The Relative Strength Index (RSI) sits at 71.8, right in nearly overbought territory.
Analysts are now watching the $2.74 resistance level. If CAKE closes above that with conviction, the next upside target sits around $3.33, a price last seen before the April correction. On the downside, support at $2.29 has been holding well—any dips toward that zone have been quickly bought up.
Out of 17 major technical indicators, 12 are flashing “Buy” signals. And historically, CAKE tends to perform well in March through May, with June often acting as a breather.
Looking ahead, projections for CAKE are getting more optimistic. Analysts now see the token reaching a high of $43.63 by 2025, with a lower range forecast of $27.93. That’s a massive potential upside from where it stands today. These expectations aren’t just speculation—they’re based on growing user adoption, broader multi chain support, and PancakeSwap’s evolving position in the DeFi ecosystem.
Longer-term, CAKE’s price targets are even more ambitious. By 2030, some forecasts place it near $100, and by 2040, estimates stretch past $350. That kind of growth would rely on continued protocol innovation, sticky user engagement, and broader crypto market expansion.
Of course, CAKE still sits about 93% below its all-time high of $42, hit back in April 2021. But the latest bounce and volume surge suggest the token may finally be clawing its way back.
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CAKE Price Pops 11% as DEX Volume Skyrockets and PancakeSwap Infinity Goes Live
- PancakeSwap trading volume spiked to $2.2B, lifting CAKE by 11% in one day.
- Analysts see a possible breakout above $2.74, with a short-term target of $3.33.
CAKE, the native token of PancakeSwap, surged 11% in just 24 hours, climbing from $2.45 to $2.72, fueled by a massive spike in trading volume. According to DeFiLlama, the decentralized exchange posted over $2.2 billion in volume, a jump of more than 37%, overtaking even Uniswap and locking PancakeSwap into the top spot across all DEXs.
The price action comes after a month-long recovery, where CAKE bounced back by over 26% from its April low of $1.61. That support zone now looks solid as momentum builds. The rally isn’t just about market vibes—there’s real infrastructure pushing this move.
PancakeSwap Infinity Unleashes a New Era of DeFi Flexibility
The recent launch of PancakeSwap Infinity is proving to be a game-changer. This isn’t just another update—it’s a fundamental protocol overhaul. Infinity introduces new architecture built for power users, featuring advanced AMMs like concentrated liquidity and liquidity books, allowing liquidity providers to earn more efficiently with tighter spreads.
The market reaction was swift. CAKE volume soared, and community sentiment flipped bullish. Even PancakeSwap’s official announcement declared: “The future of DEX is here. PancakeSwap Infinity is live!”
While Pendle and others saw sharp volume gains, they couldn’t keep pace. PancakeSwap hit $2.2B, while Pendle capped out at $126M—impressive, but nowhere near the CAKE rush.
Indicators Support Further Upside as $3.33 Comes Into View
The chart looks strong for CAKE. Right now, it’s trading comfortably above all its major moving averages—from the 10-day to the 200-day EMAs—which signals clear bullish control. The Relative Strength Index (RSI) sits at 71.8, right in nearly overbought territory.
Analysts are now watching the $2.74 resistance level. If CAKE closes above that with conviction, the next upside target sits around $3.33, a price last seen before the April correction. On the downside, support at $2.29 has been holding well—any dips toward that zone have been quickly bought up.
Out of 17 major technical indicators, 12 are flashing “Buy” signals. And historically, CAKE tends to perform well in March through May, with June often acting as a breather.
Looking ahead, projections for CAKE are getting more optimistic. Analysts now see the token reaching a high of $43.63 by 2025, with a lower range forecast of $27.93. That’s a massive potential upside from where it stands today. These expectations aren’t just speculation—they’re based on growing user adoption, broader multi chain support, and PancakeSwap’s evolving position in the DeFi ecosystem.
Longer-term, CAKE’s price targets are even more ambitious. By 2030, some forecasts place it near $100, and by 2040, estimates stretch past $350. That kind of growth would rely on continued protocol innovation, sticky user engagement, and broader crypto market expansion.
Of course, CAKE still sits about 93% below its all-time high of $42, hit back in April 2021. But the latest bounce and volume surge suggest the token may finally be clawing its way back.
Highlighted Crypto News for Today
Read More
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