🚀 Crypto Bulls Charge: POL, DEXE, CAKE Rocket as Ethereum Smashes $3,700 Barrier

Crypto markets roar back as Ethereum leads the charge—flipping $3,700 into a springboard for altcoin rallies. POL, DEXE, and CAKE steal the spotlight, proving once again that when ETH wakes up, the whole ecosystem eats.

### The ETH Effect: Altcoins Catch the Wave

Ethereum’s surge past $3,700 isn’t just a number—it’s a green light for risk appetite. Traders pile into mid-caps like POL and DEXE, while CAKE’s resurgence has degens whispering 'V3 comeback.' No one mentions gas fees, though—awkward.

### DeFi’s Dark Horse: CAKE Defies the Odds

PancakeSwap’s token shrugs off last year’s 'vampire attack' FUD, printing double-digit gains. Maybe those token burns finally outweigh the syrup pools’ inflation. Or maybe traders just missed the breakfast-themed puns.

### The Cynic’s Corner

Let’s be real—today’s 'organic growth' is tomorrow’s 'coordinated pump.' But hey, when the charts go brrr, even the skeptics check their wallets. Just don’t look at the stablecoin yields.

POL regains bullish momentum, targeting $0.2822

POL edges higher by over 2% at press time on Thursday, extending the uptrend for the fifth consecutive day. The altcoin surpasses the 100-day Exponential Moving Average (EMA) and the 23.6% Fibonacci level at $0.2227, which is drawn from the $0.7685 peak on December 3 to the $0.1519 low on April 7. 

The recovery run targets the crucial resistance zone NEAR the 38.2% Fibonacci level at $0.2822, close to the 200-day EMA at $0.2640. A decisive close above this level could reinforce an uptrend in POL, extending the target to the 50% retracement level at $0.3417. 

The Moving Average Convergence Divergence (MACD) is on the verge of crossing above its signal line to signal a bullish shift in trend momentum, which WOULD flash a buy signal.

The Relative Strength Index (RSI) on the daily chart reads 56, indicating an upward trend, suggesting steady buying pressure with room for further growth. 

POL/USDT daily price chart.

On the flip side, a reversal below the $0.2227 level would invalidate the uptrend thesis, potentially retesting the 50-day EMA at $0.2167.  

DEXE V-shaped turnaround at risk

DEXE surpassed the 50-day EMA at $8.157 with a 10% surge on Wednesday. At the time of writing, DEXE upholds the gains with no significant price movement so far on Thursday. 

The immediate resistance for DeXe lies at $8.938, marked by the June 3 daily close. A decisive push above this level could extend the rally to the 100-day EMA at $9.640. 

DEXE’s V-shaped reversal after momentarily breaching the $7.314 support level marks a surge in bullish momentum as the RSI 62 inches closer to the overbought zone. Furthermore, the uptrending MACD and its signal line are converging toward the zero line. 

DEXE/USDT daily price chart.

Looking down, a reversal in DEXE could extend the prevailing downtrend to the $6.074 support level, marked by the August 5 low. 

Crucial resistance looms over CAKE’s bounce

PancakeSwap edges higher by nearly 2% at press time on Thursday, extending the 5% bounce back from the 50-day EMA. The uptrending DEX token forms a support trendline connected by June 23 and August 3 lows. 

The bounce back in CAKE targets the $2.829 level, a crucial monthly resistance formed in the first half of 2025. If bulls surpass this critical level, the CAKE price rally could approach the $3.165 level, last tested on July 28. 

The rising MACD line moves closer to its signal line, hinting at a potential crossover ahead. Furthermore, the RSI at 55 surpasses the halfway line after momentary flatlining. 

CAKE/USDT daily price chart.

On the downside, a surge in supply pressure could result in a retest of the support trendline near the 50-day EMA at $2.547.