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Cryptocurrency News Articles

PancakeSwap (CAKE) Price Prediction: Is a Sweet Rally Brewing?

Sep 20, 2025 at 05:39 pm

PancakeSwap (CAKE) shows bullish signals! Will it break resistance and head higher? Dive into the latest price predictions and on-chain analysis.

PancakeSwap (CAKE) Price Prediction: Is a Sweet Rally Brewing?

PancakeSwap (CAKE) Price Prediction: Is a Sweet Rally Brewing?

PancakeSwap (CAKE) is showing signs of a potential breakout! After defending the $2.68 support, CAKE is trading near $2.85, up 5.8% in the last 24 hours. Is this the start of a sweet rally? Let's dive into the latest price predictions and on-chain analysis to see what's cooking.

CAKE Breaks Out of Cup and Handle Pattern

The 4-hour chart reveals a classic cup and handle formation, with CAKE breaking above the neckline resistance at $2.68, now acting as support. The price is testing the $2.86 zone, a level that previously capped rallies in late August. A sustained close above this level could pave the way for $3.00 and even $3.12.

Momentum and Indicators Align

Momentum remains constructive, with the 20-EMA ($2.61) and 50-EMA ($2.68) providing immediate support. The RSI at 69 suggests buyers have room to push higher before exhaustion. A broken trendline resistance from July confirms a shift in market sentiment.

On-Chain Flows Show Fresh Demand

Spot flow data indicates a $604,000 net inflow into CAKE on September 20, the largest single-day accumulation in weeks. This follows a period of net outflows, potentially signaling a reversal in investor appetite. Historically, strong positive inflows near resistance zones have foreshadowed extended rallies.

However, consistency is key. CAKE has struggled to maintain momentum in the past when inflows quickly turned negative. Sustained buying pressure is crucial to confirm the bullish breakout beyond $2.86.

Short-Term Bullish Bias Confirmed

Lower-timeframe indicators support the bullish outlook. CAKE is trading above the Supertrend support at $2.76, with the Parabolic SAR dots tracking below the price at $2.68. This alignment strengthens the current move, suggesting dips toward $2.76–$2.70 are likely to attract buyers.

Potential Pitfalls

If momentum fades, the first line of defense is at $2.68, followed by $2.56, where the 100-EMA and historical demand cluster meet. A break below this zone would weaken the bullish case and potentially lead to consolidation toward $2.50.

The Outlook: Will PancakeSwap Go Up?

The immediate outlook for PancakeSwap hinges on breaking and holding above the $2.86 resistance. Technicals suggest a bullish breakout, supported by the cup and handle structure, RSI strength, and short-term indicators. On-chain flows further reinforce the bullish case, indicating fresh investor demand.

As long as CAKE holds above $2.68, analysts anticipate a retest of $3.00 in the coming sessions. A decisive breakout above that level would confirm trend continuation, while failure to sustain inflows could bring the $2.56–$2.50 support zone back into play.

Final Thoughts: Time to Get Baking?

PancakeSwap's recent price action is definitely something to watch. With a potential cup and handle breakout and positive on-chain signals, CAKE might just be ready to serve up some delicious gains. Keep an eye on that $2.86 resistance – if it breaks, things could get very interesting! Just remember, always do your own research before diving into the crypto kitchen. Happy trading, ya'll!

Original source:coinedition

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