The PancakeSwap price has surged sharply, stirring fresh excitement among traders. After weeks of quiet, CAKE is now pushing toward $4. This sudden move raises a key question: can the rally hold, or is a pullback looming? Investors are watching closely.
PancakeSwap Price Action and Technical Analysis
PancakeSwap (CAKE) jumped to $2.72, increasing by nearly 14% in 24 hours, marking its highest value since the start of 2025. CAKE token’s trading volume is over $334 million, demonstrating solid demand and coming after PancakeSwap’s market fees recently surpassed those of most of its competitors.
The next target is set at $4 by analysts, with CAKE topping daily gains on May 27, 2025. The momentum is accompanied by increased focus from investors and traders alike.
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. Yet, 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 favour 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, 2025, 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.
Furthermore, the upgrade of PancakeSwap to Infinity 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.
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