• CAKE is trading at $3.49 with stable capitalization.
• Market volume slips 6.41%, signaling short-term caution.
• The chart shows a potential breakout from a long accumulation phase.
• Resistance zones at $7.70 and $15.70 define the next moves.

PancakeSwap (CAKE) continues to show stability despite recent declines. Over the last 24 hours, the token has held firm around $3.49, supported by a 24-hour trading volume of $562.21 million. Although volume slipped by 6.41%, the overall market cap remains steady at $1.2 billion. This stability hints at consolidation rather than weakness, with buyers and sellers balancing out after a volatile period.

On a weekly scale, CAKE shows a 9.1% decline, reflecting short-term pressure despite the longer-term accumulation trend. Market participants appear cautious, waiting for stronger confirmation before entering large positions. The narrow price range suggests that the token is preparing for a decisive shift as traders eye upcoming resistance and support levels.

Also Read: PancakeSwap Price Prediction: Is CAKE Ready to Rise Toward $33.50?

2025 Displays Steady Gains Amid Fluctuations

In 2023, the market faced early declines with weak months like March, April, and May. A strong rebound came later in November and December, posting big gains. This late surge helped offset previous losses and improved sentiment. Overall, 2023 closed positively after a rough start.

The year 2024 showed mixed momentum with early strength in February and March. Heavy drops in April and June reversed earlier progress sharply. November’s rebound was notable, but December weakened gains again. In 2025, steady midyear growth and strong October signaled a gradual recovery.

Chart Patterns Indicate Approaching Breakout

According to crypto analyst Alex Clay, the CAKE monthly chart shows a strong recovery as the price is trading near $3.49, signaling renewed bullish sentiment. For nearly two years, CAKE has been consolidating within a symmetrical triangle, showing accumulation and reduced volatility. The price now approaches the apex, hinting at a potential breakout that could shift the long-term trend toward a bullish continuation.

A verified breakout through the $3.80–$4.00 area might induce a surge towards significant resistance areas at $7.70 and $15.70. A continuation of the momentum over the triangle will certify the reversals in the trend, whereas non-compliance with this level might re-target the price towards the area of resistance at $2.80. The entire chart of CAKE is heading towards a crucial juncture that will determine its ultimate course.

RSI Holds Line While MACD Cracks Below

The RSI is at 55.15, right around the bottom of its signal line at 59.52, showing strong bullish momentum within an overbought range. This suggests that buying interest is returning after a minor correction, yet the momentum as a whole is slightly bullish to neutral.

The MACD tells a different story. There has recently been a bearish crossover, with the MACD line dipping back below the signal line (0.20769 to 0.19017), and the histogram is slightly negative (-0.01752), indicating diminishing upward momentum. Although strong bullish momentum proved evident during earlier October, the diminishing MACD foretells a possible short-term correction unless momentum resumes.

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