The PancakeSwap (CAKE) Price Has Surged Sharply

The PancakeSwap price has surged sharply, stirring fresh excitement among traders. After weeks of quiet, CAKE is now pushing toward $4.

The price of PancakeSwap (CAKE) has risen sharply in recent times, a move that has traders excited.

After weeks of ranging, the PancakeSwap token is now pushing toward the key resistance at $4.

With such a strong move, the question is: can the rally hold, or is a pullback looming? Investors will be watching closely.

PancakeSwap Price Action and Technical Analysis

The PancakeSwap token rose to $2.72, opening lower after gaining nearly 14% in the past 24 hours.

CAKE is now trading at its highest since the start of 2025, and it has seen some strong moves in May.

The token’s trading volume is over $334 million, showing solid demand for the token. This move also comes after PancakeSwap’s market fees recently surpassed those of most of its competitors.

The next price target is set at $4 by analysts, with CAKE topping daily gains on May 27. The momentum in the token is also bringing more focus to it.

Technical indicators on PancakeSwap are predominantly bullish. The RSI (14) of 57.95 is neutral, while the ADX(14) of 23.4 is a buy signal. The 50-day SMA of $1.85 also confirms the uptrend momentum. However, the MACD (12,26) of 0.06476 is the sole one out of a group of ten oscillators to signal a sell. There is solid support for CAKE at $1.36, serving as a support level for potential declines.

Together, 17 indicators favor bullish momentum, 7 are neutral, and there’s just 1 selling signal. This firm structure may allow CAKE to test the $4 area in the near future. Some cautious analysts anticipate a short-term range of $2.45 to $3.15.

CAKE’s Breakout and Market Drivers

24-hour trading on the PancakeSwap decentralized exchange platform reached $1.4 billion on May 27, and overall liquidity is $1.29 billion. Trading volume in May exceeded $100 billion, driven by Bitcoin’s surge and growing interest in DeFi among users.

The upgrade of PancakeSwap to Infinity also attracted more investors and increased fees. The upgrade enabled CAKE to outperform comparable assets, such as Uniswap and Pendle, with a significant increase in BNB Chain’s weekly volumes. Rising fees and staking bonuses continue to fuel the momentum of PancakeSwap in DeFi.

CAKE coin recently broke out of a long symmetrical triangle, signaling a strong rally toward $4. Rising trading volume and an ascending triangle pattern support this move. On-chain data suggests that the PancakeSwap coin may still be undervalued. However, key resistance near $3.25 and $4 could trigger pullbacks. Momentum favors gains, but traders should remain cautious.