CAKE Surges Past Key Resistance, What’s Next?
CAKE price has broken through a significant resistance zone, soaring past $3. This move comes after Binance Coin (BNB) hit a new all-time high. CAKE is now about 24% above its 20-day Simple Moving Average (SMA).
yesterday, CAKE gained nearly 20%, continuing its rally today. It reached an intraday high of $3.58, its highest level this year. The price has cleared the $2.80–$2.90 resistance band,which has capped action as late December.
Technically, this breakout was triggered by a retest of the ascending trendline support near $2.50. This support has been a foundation for higher lows throughout 2025.
Looking ahead, a retest of the breakout level around $3.10 would be ideal for bulls. However, a deeper pullback to the $2.80–$2.90 zone is more likely. This would still be a healthy retest for bullish continuation.
What’s driving CAKE price? BNB’s new ATH today, surpassing $1,100, likely boosted CAKE. CAKE’s liquidity and trading activity on BNB Chain make it highly correlated with BNB’s price.
PancakeSwap recently launched “Fee-Earning Limit Orders” on BNB Chain. These orders pay a 0.1% fee to the order placer, incentivizing deeper liquidity and creating additional revenue. This revenue flows back into the pancakeswap ecosystem,benefiting long-term CAKE holders.
For more insights, check TradingView.
