• PancakeSwap launches CAKE.PAD, an early token access platform empowering CAKE holders to join upcoming crypto projects.
• Technical analysis shows a powerful Adam & Eve double bottom pattern, a classic bullish reversal setup.
• CAKE investors eye the $5 resistance level, which could unlock a major breakout toward the $7.50 and $40 price zones.

PancakeSwap (CAKE) is on the way to its upward price trajectory with the surge in its price. Its price has surged by 10.09% over the last 24 hours and 70.54% over the last week, reflecting ongoing momentum.

At the time of writing, CAKE is trading at $4.43 with a market capitalization of $1.52 billion. Moreover, its trading volume has also increased 89.23% to $1.22 billion, which indicates that both traders and investors are adopting new positions aggressively.

Source: CoinMarketCap

PancakeSwap Launches CAKE.PAD for Early Token Access

A prominent crypto analyst, CryptoDep, revealed that PancakeSwap has launched CAKE.PAD, a new early token access platform giving CAKE holders entry to upcoming launches. Users with CAKE in non-custodial wallets can join by committing tokens, with no staking or lock-ups. This move boosts token utility while keeping user control central.

The launch of CAKE.PAD highlights PancakeSwap’s shift from a top DEX to a broader DeFi ecosystem. By offering simple, flexible access to early events, it empowers the community and builds engagement. As anticipation grows, CAKE.PAD could reshape how users join new blockchain projects.

Also Read: PancakeSwap (CAKE) Eyes Breakout: Symmetrical Triangle Hints at $7.50 Target

CAKE Adam & Eve Setup Points to $40 Breakout Move

Moreover, the crypto analyst, Alex Clay, highlighted that the monthly chart of PancakeSwap (CAKE) displays a textbook Adam & Eve double bottom pattern, signaling a powerful bullish reversal in progress. This pattern is showing sustained accumulation and strengthening momentum.

Source: X

With the recent monthly candle jumping more than 60% on the way through the $4 level, CAKE is challenging significant resistance in the $4.5–$5 range. A confirmed breakout there could fuel a substantial uptrend, with the chart’s highest potential target eyeing the $35–$40 level, referring to a possible multi-time jump from the current level in case the bullish trend is maintained.

CAKE Technical Indicators Signal Ongoing Strength

From the technical standpoint, the price chart is displaying a very bullish upward trend towards PancakeSwap. The price is high and above the 20-period EMA and increasing through the longer-term EMAs, which is bullish. The RSI is at 70.82, implying overbuying, and the MACD is bullish.

Source: TradingView

In spite of the bullish breakout, the overbought RSI and the decreasing MACD histogram indicate possible consolidation or correction. The MACD line is still above the signal line, but the momentum is decreasing. Strong market; however, be careful and ready to look out for a reversal or further upward surge.

Also Read: PancakeSwap (CAKE) Surges 15%: Analyst Predicts Explosive Rally to $19.97!