I’ve been watching PancakeSwap closely since yesterday, and the CAKE price movements have been nothing short of remarkable. In just 24 hours, the token rocketed 28%, climbing from a low of $2.62 to a high of $3.39. That being said, the 7-day gains now stand at 28.05%, while trading volume exploded 558% to $434 million.
With momentum on both fundamentals and price charts, Pancakeswap is suddenly back in the spotlight of DeFi. So, join me as I break down what’s fueling this surge and what traders should keep an eye on.
PancakeSwap processed $772 billion in trading volume in Q3 2025, marking a 42% quarterly jump and its 3rd straight record quarter. Daily turnover now averages close to $3 billion, cementing its place as the 2nd-largest DEX globally. The high volumes strengthen CAKE’s tokenomics via its 15% fee burn mechanism. While staking demand stays firm with $2.5 billion TVL.
PancakeSwap recently deployed on Coinbase’s Base chain with $1.6B in daily volume and Solana, expanding its multichain reach. These moves diversify revenue and widen adoption. Though regulatory hurdles like Turkey’s July ban on non-KYC platforms still pose risks. Upcoming integrations in perpetuals and staking could further fuel demand if traction builds.
Bonus Point: Over 2.7 million CAKE have been burned in the last 30 days, tightening supply.
CAKE crypto price has cleared its 200-day EMA at $2.47 and pushed past the Fibonacci 127.2% extension at $3.46, with strong thrust. Successively, the MACD histogram turned positive at +0.0138, and the RSI signals bullish strength without being overheated.
With September’s bearish breakdown invalidated, the chart now shows a clean reversal above long-term averages. Traders are now eyeing $3.46 and $3.77 as the next resistance zones, with immediate support at $3.20 and the 200-day EMA. Holding above the $3.36 mark will be crucial to sustain momentum into late October and potentially open a path toward the $4 level.
While CAKE’s setup looks bullish, risks remain on the horizon:
The surge was driven by record trading volumes, bullish technical signals, and multichain expansion that boosted demand for CAKE.
Momentum is supported by fundamentals, but short-term pullbacks are possible if supply inflows rise or regulatory news shifts sentiment.
Watch whether CAKE holds above $3.36, how volumes trend, and how staking outflows evolve near the October 23 unlock. A close above $3.46 could set the stage for another leg higher.
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