Why is PancakeSwap (CAKE) Pumping Today? Here is What You MIssed
- CAKE hits its highest 2025 price after a 33% surge
- BNB’s ATH and PancakeSwap’s $476B Q3 volume are fueling demand
- Breakout eyes $3.84 and $4.56 levels, with $2.44 as key downside support
PancakeSwap’s CAKE token has stormed to its highest price of 2025 after a staggering 33% rally in the past 24 hours. The move comes right as BNB set a new all-time high at $1,112, spotlighting the deep connection between CAKE and the BNB Chain. Yet, this isn’t just a sympathy move — CAKE’s breakout is being fueled by major liquidity and trading volume flows that show buyers are stepping in aggressively.
Technical Breakout Sparks Momentum
On the 4-hour chart, CAKE broke out of a falling wedge, a reversal pattern signaling the end of a downtrend. Clearing resistance at $2.95 opened the door for further upside, reinforced by the Chaikin Money Flow (CMF) reading at 0.38 — a sign of heavy capital inflows. With momentum clearly on the buyers’ side, traders are eyeing the $3.84 level as the next key resistance, followed by $4.56 if the rally holds.
BNB Liquidity Sends PancakeSwap Volume Soaring
CAKE’s move isn’t happening in isolation. PancakeSwap processed a record-breaking $476.36 billion in Q3 trading volume, according to Token Terminal data. This surge highlights both the resurgence of BNB Chain activity and PancakeSwap’s dominance as its leading DEX. With yield farming, swaps, and new token launches thriving, CAKE has been one of the largest beneficiaries of this liquidity wave.
What’s Next for CAKE Price?
On the daily chart, CAKE is trending in an ascending channel, showing steady higher lows as buyers continue absorbing sell pressure. The MACD has flashed a bullish crossover, while the RSI sits at 69.8 — just under overbought territory. If momentum continues, CAKE could break above $3.84 and rally toward $4.56. However, if sellers push back, a drop to the $2.44 support zone remains possible.
The post Why is PancakeSwap (CAKE) Pumping Today? Here is What You MIssed first appeared on BlockNews.
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Why is PancakeSwap (CAKE) Pumping Today? Here is What You MIssed
- CAKE hits its highest 2025 price after a 33% surge
- BNB’s ATH and PancakeSwap’s $476B Q3 volume are fueling demand
- Breakout eyes $3.84 and $4.56 levels, with $2.44 as key downside support
PancakeSwap’s CAKE token has stormed to its highest price of 2025 after a staggering 33% rally in the past 24 hours. The move comes right as BNB set a new all-time high at $1,112, spotlighting the deep connection between CAKE and the BNB Chain. Yet, this isn’t just a sympathy move — CAKE’s breakout is being fueled by major liquidity and trading volume flows that show buyers are stepping in aggressively.
Technical Breakout Sparks Momentum
On the 4-hour chart, CAKE broke out of a falling wedge, a reversal pattern signaling the end of a downtrend. Clearing resistance at $2.95 opened the door for further upside, reinforced by the Chaikin Money Flow (CMF) reading at 0.38 — a sign of heavy capital inflows. With momentum clearly on the buyers’ side, traders are eyeing the $3.84 level as the next key resistance, followed by $4.56 if the rally holds.
BNB Liquidity Sends PancakeSwap Volume Soaring
CAKE’s move isn’t happening in isolation. PancakeSwap processed a record-breaking $476.36 billion in Q3 trading volume, according to Token Terminal data. This surge highlights both the resurgence of BNB Chain activity and PancakeSwap’s dominance as its leading DEX. With yield farming, swaps, and new token launches thriving, CAKE has been one of the largest beneficiaries of this liquidity wave.
What’s Next for CAKE Price?
On the daily chart, CAKE is trending in an ascending channel, showing steady higher lows as buyers continue absorbing sell pressure. The MACD has flashed a bullish crossover, while the RSI sits at 69.8 — just under overbought territory. If momentum continues, CAKE could break above $3.84 and rally toward $4.56. However, if sellers push back, a drop to the $2.44 support zone remains possible.
The post Why is PancakeSwap (CAKE) Pumping Today? Here is What You MIssed first appeared on BlockNews.
Read More