• CAKE retains strength above its flipped symmetrical triangle, indicating resilient support even after recent downturns.
• Analysts target a potential rally toward $33.50, marking a key resistance level and recovery milestone.
• The PancakeSwap community remains bullish, showing strong optimism for future price growth.

PancakeSwap’s (CAKE) price is sliding lower amid persistent bearish pressure, driven by waning investor confidence and reduced activity. Its price has decreased by 21.86% over the last 24 hours and 18.73% over the last week.

At the time of writing, CAKE is trading at $2.75 with a market capitalization of $946.89 million. However, its trading volume increased 140.43% to $726.99 million, indicating that traders remain optimistic about opening new positions despite ongoing market volatility.

Source: CoinMarketCap

CAKE Shows Steadier Growth and Reduced Volatility

The data from CryptoRank revealed that in 2023, performance was volatile with several consecutive losses early in the year, followed by a strong rebound in the final months. Despite eight negative months, massive gains in November and December pushed the overall result to around +63%. The year ended positive but was marked by high volatility and late recovery momentum.

Source: Cryptorank

In 2024 and 2025, trends showed different dynamics. 2024 remained choppy, with sharp rises and deep drops leading to a modest +25% gain overall. Meanwhile, 2025 displayed steadier growth, with most months positive and only mild corrections, reflecting improved consistency and lower volatility so far.

Also Read: PancakeSwap Expands to Solana as CAKE Targets $38 Breakout

CAKE Retains Strength Above Key Support Levels

Moreover, the crypto analyst Butterfly highlighted that the CAKE remains extremely strong, retaining support above its flipped symmetrical triangle despite the recent market’s black swan occurrence. This strength on the weekly chart indicates good buyer confidence and increasing momentum in the wings. The current correction is taken as a perfect accumulation region prior to a possible breakout.

Source: X

With continuous bull pressure, the token seems primed for its next giant movement higher. With continued momentum, the analysts are looking to a potential rally to the $33.50 objective area, a major advancement in its recovery phase. Retaining key levels may spur a renewed wave of confidence, sending the price higher in the weeks ahead.

Community Sentiment Reflects Strong Market Optimism

According to the data from CoinMarketCap, community sentiment is strongly bullish, with 84% of voters retaining strong beliefs in further profits and 16% of pessimistic voters expecting possible losses. This shows a clear direction towards optimism among players, backed by a huge number of votes totaling 56.2K, which shows heavy participation and interest in market directions.

Source: CoinMarketCap

Overall, the community has a strongly optimistic perspective toward the direction and growth of the market. Most are anticipating the price to increase continuously, indicating confidence in the strength and resilience of the token in the long run, and the minority of bears indicate concern for just restricted time period fluctuations or potential declines.

Also Read: PancakeSwap (CAKE) Eyes a Breakout as Adam & Eve Pattern Points to $40