• PancakeSwap draws a symmetrical triangle shape, frequently indicative of trend reversals and primary breakouts.
• Technical indicators remain bullish as RSI crosses 55.29 and MACD shows momentum by a bullish crossover.
• Resistance areas are at $3.30, $4.00, $5.00, and $7.50; remaining above support could trigger a bullish surge.

PancakeSwap (CAKE) is recapturing attention throughout the altcoin sphere with BTC’s upward momentum and growing interest in the crypto sector. The token is currently trading within the symmetrical triangle pattern, often associated with the bullish reversals.

At the time of writing, CAKE is trading at $2.79 with a market capitalization of $961.1 billion. Its price surged by 8.09% over the last 24 hours and 6.88% over the last week. Its trading volume increased 72.29% to $93.59 million.

Source: CoinMarketCap

CAKE Triangle Signals Breakout Toward $7.50

The crypto analyst, Jonathan Carter, revealed that CAKE is testing the lower edge of a symmetrical triangle on the 3-day chart, a level that will set its next big direction. Retaining this support could be a sign that buyers are accumulation-bound, presaging a rebound. Speculators closely monitor the chart, as the pattern foretells increasing pressure leading up to a break.

Source: X

In the event that the support holds up, the token’s probable reversal targets are at $3.30, $4.00, $5.00, and $7.50, each showing significant resistance areas on the chart. A breakthrough could sustain stronger momentum and inject the market with confidence. At the moment, attention is on whether bulls can hold off the line or invite a deeper correction.

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

CAKE Technical Indicators Supports Ongoing Rally

The weeklyCAKE chart shows the price is trading close to the middle Bollinger Band. Key resistance lies around $3.05, while strong support is near $2.02. The token has mostly moved within the $2.00–$3.50 range over the past year, repeatedly failing to break above the upper band.

Source: TradingView

Momentum indicators are slightly bullish as the RSI (55.29) stays above neutral, leaving more space for potential upside. The MACD confirms a bullish crossover with green histogram bars signaling building momentum. A clean breakout above $3.05 could pave the way for extended gains toward stronger resistance zones.

CAKE Community Shows Strong Bullish Confidence

According to the data from CoinMarketCap, the community sentiment now reflects a highly positive tone with a very bullish leaning by 84% of voters. From the total 50.4K votes, an over-sweeping majority anticipate an upward momentum. It evidences a great amount of confidence, optimism, and enthusiasm in the market direction.

Source: CoinMarketCap

Conversely, 16% of participants voted bearish, warning caution, concern, and worry. While a lesser minority than on the bullish side, this group expects a likely decline, correction, or reversal. Their comment reflects that some amount of risk and uncertainty still exists in market expectations.

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