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🚀 PancakeSwap Soars 13% as BNB Shatters Records with New ATH!

🚀 PancakeSwap Soars 13% as BNB Shatters Records with New ATH!

Author:
Coingape
Published:
2025-07-28 08:07:40
8
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PancakeSwap's native token surges double-digits while Binance Coin flexes its dominance—proof that DeFi's sweetest yield farm still has sugar highs left in the tank.

BNB's bull run leaves skeptics scrambling

The Binance Smart Chain backbone just punched through its previous ceiling—again. Traders are either celebrating or quietly seething about missed entry points.

CAKE defies 'dead season' narrative

While Wall Street hedge funds nurse their 2% bond yields, PancakeSwap's 13% single-day pop reminds us where real volatility (and opportunity) still lives. Just don't look at your portfolio during a 3am liquidation cascade.

Another day, another ATH—because apparently 'macro headwinds' don't apply to crypto's favorite gas token. Meanwhile, traditional finance still can't tell a DEX from an index fund.

BNB ATH Triggers Bullish PancakeSwap Price Breakout

PancakeSwap price is rising on the wave of Optimism after the BNB coin hit a fresh ATH. At the time of publication, it is changing hands at $3.25, with an overnight surge of 13.47%. This run was assisted by the trading volume nearly tripling to $410.91 million. As a result, the market cap has soared to a healthy $1.23 billion. 

For young players curious about the connection between CAKE and BNB. Pancakeswap is heavily linked with the BNB chain, which enabled over 96% of its $513 billion Q2 trading volume. Conversely, PancakeSwap expanded to Coinbase’s Base chain on July 22, increasing its multichain reach. This leads us to the hot topic being baked: “Where is PancakeSwap Price heading next?”. And the answers to this lie in this analysis.

PancakeSwap Price Analysis

Looking at the technicals, CAKE price had recently formed a golden cross as the 20-day EMA crossed above the 50-day EMA on July 23. However, the RSI is currently at 80.31, deep in overbought territory, which could imply a short-term pullback. However, strong momentum suggests that the dip-buying interest is high.

CAKE Price Analysis - 28-7

The breakout above the $2.968 resistance, which is now a new support, and the Bollinger Band breakout point at $3.18 confirm upward strength. The next major resistance for PancakeSwap lies at $3.30. If CAKE closes above this level, the $3.53 Fibonacci extension is within reach. Contrarily, $2.82 and $2.47 are key support levels traders need to watch in case of a correction.

FAQs

Why is CAKE’s price up today?

CAKE’s price rally is driven by BNB’s surge, its expansion to Base, and increased token burns.

Should I buy CAKE right now?

The RSI at 80+ suggests overbought conditions, but momentum remains strongly bullish. Hence, caution is advised before making purchases.

Where is PancakeSwap’s price heading next?

The next critical resistance for PancakeSwap is at $3.30, if broken, CAKE may target $3.53. That being said, the support sits at $2.97 and $2.82.

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