PancakeSwap’s CAKE explodes past resistance after record-breaking $467B Q3 volume | Credit: Hameem Sarwar
Share
Key Takeaways
CAKE surged to its highest price of 2025 after breaking out of a wedge and clearing the $2.95 resistance
Capital inflows and record Q3 trading volume of $476.36 billion on PancakeSwap are fueling demand.
CAKE could break above $3.84 and rally toward $4.56; failure to do so risks a drop toward $2.44 support.
CAKE, the governance token of the PancakeSwap Decentralized Exchange (DEX), has notched its highest price of 2025. This happened after a stunning 33% rally in the last 24 hours.
The surge marks a turnaround for one of DeFi’s longest-standing tokens. Interestingly, it also comes at a time when BNB itself has shattered records, climbing to a new all-time high of $1,112.
However, while the two assets are deeply linked through the BNB Chain, CAKE’s price breakout is more than just a shadow move of BNB.
PancakeSwap Breaks Resistance
On the 4-hour chart, CAKE’s rally picked up speed after October 1. The token broke out of a falling wedge, a reversal pattern that signals the end of a downtrend and the start of a bullish leg higher.
As part of this breakout, CAKE’s price cleared the $2.95 resistance zone. Meanwhile, the Chaikin Money Flow (CMF) surged to 0.38, pointing to aggressive capital inflows.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
This suggests buyers are not only stepping in but doubling down, with momentum clearly on their side.
What makes the rally even more compelling is its timing.
BNB’s all-time high has cast a long shadow over the broader crypto ecosystem, but CAKE has been one of the biggest beneficiaries.
When BNB rallies, it typically signals increased activity on its chain. PancakeSwap, being the largest DEX on the chain, naturally absorbs this wave of liquidity.
Therefore, if this trend remains the same, CAKE’s price will likely trade much higher than $3.50.
From an on-chain perspective, trading volume on the PancakeSwap DEX has been a major catalyst behind CAKE’s breakout.
Data from Token Terminal shows that in the third quarter (Q3), PancakeSwap processed a record-breaking $476.36 billion in trading volume.
This spike highlights two things. First, the resurgence of user activity and liquidity flows on BNB Chain, and second, PancakeSwap’s notable role as the go-to hub for swaps, yield farming, and new token launches.
On the daily chart, CCN observed CAKE trading inside an ascending channel. This structure signals that buyers have consistently stepped in at higher levels, while sellers are struggling to lower the price.
Adding strength to this setup, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover.
At the same time, the Relative Strength Index (RSI) has climbed to 69.80, below the overbought threshold of 70. While this suggests strong buying momentum, it also indicates that the token is nearing a zone where short-term corrections occur.
However, if sellers return in force, CAKE might fail to overcome its overhead resistance. In that scenario, the token risks sliding back toward the channel’s lower boundary, with $2.44 acting as the key support zone.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
