CAKE Price Teeters on Edge—Can PancakeSwap Hit $3 Before Midnight?

PancakeSwap’s CAKE token is flirting with a breakout—again. After weeks of sideways action, traders are eyeing a potential surge to $3 in mere hours. But here’s the kicker: the charts look bullish, yet DeFi’s notorious volatility could turn this into another ’buy the rumor, sell the news’ circus.

Technical indicators suggest momentum is building. Volume’s ticking up, liquidity pools are deepening, and—shockingly—some whales aren’t dumping yet. Still, remember what happened last time CAKE teased a rally? Exactly. Proceed with caution unless you enjoy funding others’ lambos.

Bottom line: If CAKE clears resistance at $2.85, $3 is in play. Fail? Well, there’s always another ’next big thing’ in crypto—probably launching right now on some chain you’ve never heard of.

PancakeSwap has announced its 4th-gen DEX, rebranded as PancakeSwap Infinity. This upgrade introduces multiple pool types, hook-compatible smart modules, and also capital-efficient single-slot liquidity. With promises of lower trading fees and multi-chain support, the innovation has triggered a wave of optimism, especially surrounding the BNB Chain and CAKE, the platform’s native token.

Talking about CAKE price, it has surged 11.20% in a day, claiming the title of top gainer in the crypto market. Over the past month, it has recorded a 29.28% gain, sparking bullish anticipation among traders and investors, who are now monitoring the price trend. In this PancakeSwap (CAKE) price analysis, we give you the possible short-term targets. 

CAKE Price Analysis:

At the time of press, CAKE is being sold on exchanges for $2.67. The price spike was significantly boosted by the impressive 202.85% surge in the 24-hour trading volume. The buzz also led to the market cap of the altcoin jumping to $849.77 million. 

Looking at the 1-D PancakeSwap Price chart, it has recently broken out of a symmetrical triangle pattern. The breakout candle has also risen above the 9-day SMA. Continued momentum will lead to the CAKE price surging past its immediate resistance at $2.75, to conquer one at $2.95 before making a move toward $3.15. Contrarily, it could find support at $2.45. A tip off to the intraday traders would be to mark their stop loss at $2.42. 

Read our PancakeSwap (CAKE) Price Prediction 2025, 2026-2030 for long-term targets!

FAQs

PancakeSwap (CAKE) price is gaining due to the launch of PancakeSwap Infinity. And also because of the breakout from a symmetrical triangle pattern.

Traders should monitor resistance levels at $2.75, $2.95, and $3.15, with support at $2.45.

The price of 1 PancakeSwap (CAKE) token at the time of press is $2.67.