The Binance ecosystem tokens have exploded with BinanceCoin price and PancakeSwap prices surging above their respective bearish ranges. With this, the traders seem to have become confident over the upcoming price action, which flutters bullish flags for the crypto, aiming for a new ATH.
Key Takeaways
- PancakeSwap Current Status: The CAKE price witnessed a massive rise in the trading volume over the past few days. With a rise in the volatility, the prices experienced a significant rise and surged above $3 for a while. Although the bearish activity has intensified to some extent, the price is expected to revive a strong upswing and maintain a healthy rise for the rest of the month.
- Market Performance: PancakeSwap is trading at $2.97 and has surged by over 36.99% in the past 24 hours. The market cap has increased to $864 million with a similar rise. The trading volume also increased by over 340% to reach close to $1.21 billion. The bullish sentiments are around 88%, and the fear and greed index has soared to 40, suggesting the trader’s sentiments have turned to neutral from fear.
- Technical Analysis: The CAKE price has broken the descending pattern that it held since the last few days of 2024. The token experienced a huge influx of buying volume that elevated the levels beyond $3 for the first time in 2025. Meanwhile, the price surpassed the pivotal ranges around the 50-day & 200-day MA, fluttering bullish flags for the crypto. Hence, the CAKE price is believed to keep rising and reach above $4 in the upcoming days.
- CAKE Price Prediction: Being one of the popular DeFi tokens, the CAKE price has maintained a high volatility rate throughout 2024, until now. Moreover, the latest reversal has flipped the probable bearish crossover, which could validate the beginning of a fresh bullish trend. Therefore, the PancakeSwap price is expected to keep up the momentum and test higher targets, while a new ATH may consume more time than expected.
- Future Outlook: The crypto market is experiencing tough conditions and CAKE price is holding above the support firmly. PancakeSwap is expected to continue to innovate and expand its ecosystem, proving itself as a top-tier DEX token on the Binance Smart Chain network. Therefore, the future outlook of CAKE seems to be extremely bullish, with the price expected to mark a double-digit figure in 2025.
Where will Pancakeswap Price Head Next?
- The PancakeSwap price rebound from the ascending trend line, which has been acting as a crucial support since Q4 2024.
- With this, the strong presence of the bulls has been validated, which could keep up the momentum of the rally in the upcoming days
- Interestingly, the volume spiked to the same range that triggered the October 2024 rebound and hence the latest reversal is expected to offer a similar result
- Besides, the MACD quickly underwent a bullish crossover as the selling volume experienced a sudden decline
- The RSI also rebounded from the support it held throughout 2024, hinting toward the bulls gaining the dominance back.
- Therefore, the CAKE price is expected to keep up the bullish momentum and rise to test the multi-year resistance zone between $4.71 and $5.16. The price has failed to surpass these levels throughout the years and a rise beyond the range may trigger a fresh bull run.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$1.82 / $1.55 / $1.13
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$2.67/ $2.94 / $3.36
|
|
50-day EMA |
$2.16
|
|
200-day EMA |
$2.28
|
|
RSI level |
74.95
|
|
MACD level (Signal Line) |
0.03
|
PancakeSwap Price Prediction February 2025
The token not only started the monthly trade but also the yearly trade on a bearish note, marking the bottoms below $1.4. Meanwhile, the latest upswing quickly elevated the levels beyond the bearish range. The volume spiked by above 300% and reached levels not seen since November 2023, signifying the resurgence of a strong bullish trend. Besides, the indicators have also turned bullish, and as a result, the CAKE price is expected to close the monthly trade on a bullish note at around $3.88 and $4.2.
After closing the monthly close on a bullish note after recording two straight bearish monthly candles, the CAKE price is believed to maintain a healthy ascending trend throughout the month. The rise in the volume suggests the growing volatility of the token, which is expected to attract market participants. With the rise in demand, the price is expected to rise & enter the crucial resistance level and close the monthly trade around $4.8.
The start of the monthly trade is expected to be bullish with the bulls trying hard to break above the multi-year resistance levels. Despite multiple attempts, the bulls could fail to elevate the levels above $5. However, in the larger perspective, the token may remain stuck at the neckline of a huge bullish pattern. Therefore, a breakout could be imminent, pushing the price beyond $5 by the end of the month.
Soon after surging above $5, the bearish activity may intensify, which may try to push the price below the range. However, the resistance zone around $5 may have turned into a strong support which could hold the levels in case of an extended bearish action. Hence, the price may reclaim $5 and by the end of the month, it may trade around $5.25.
The token may begin the monthly trade on a bullish note, holding the support around $5.175 firmly throughout the month. The rise in the volume suggests that market participants have turned vigilant over the token, which may revive the bullish hopes of the token. Meanwhile, the bulls may fall short of strength and keep the price consolidated between $5.25 and $5.28 by the end of the month.
The start of the monthly trade may remain sluggish as the bulls could continue to remain passive in the first few days of the month. However, the support could be held finely, which suggests enough involvement of the bulls. With this, the bullish hopes may remain elevated regardless of the bearish pressures and close the monthly trade around $5.32 to $5.35.
The drop in the bullish activity may decrease the volume to some extent, not only with CAKE but for the entire market. The global trading volume may drop to some extent, which may compel the price to remain consolidated within a narrow range. Meanwhile, the token may constantly test the support, which may weaken it, making it prone to a breakdown. By the end of the month, the CAKE price may plunge and trade around $5.25.
After recording a bearish close after a couple of months, the price is believed to remain under bearish influence for some time. With the bulls failing to prevent excess price drain, the token could experience a significant pullback, which may extend below $5. Meanwhile, the bulls may jump and halt the descending trend, causing a notable rise in its value and closing the monthly trade between the range of $5.12 and $5.20.
The immense volatility witnessed during the previous month could have attracted a huge number of market participants to the token. As a result, the trading volume may spike, increasing the buying pressure on the token. With this, the price may begin with a steep ascending trend and rise above the yearly highs above $3.35, closing the monthly trade around $3.38.
With the reassurance of the bullish trend, the CAKE price is expected to reclaim a strong ascending trend that may push the price above $4 in the first few days of the month. The upswing may continue, testing the higher targets close to $4.5. As the trade advances to the last few days of the month, the price may face a small pullback and close the trade around $4.3.
During the last few weeks of the quarter, the price could experience a massive influx of bullish volume that may increase the volatility of the token. With this, the buying pressure may spike, pushing the price beyond $4.5 in no time. In the meantime, a rise above $5 or $5.5 is quite possible with the growing bullish sentiments. By the end of the month, the CAKE price is believed to trade between $6 and $6.5.
Will the PancakeSwap Price Rise Again in 2025?
After facing a massive rejection from the highs in 2021, PancakeSwap has been failing to revive a strong upswing. The bears had held a strong grip over the rally but the latest rebound validated the presence of bulls. Therefore, the CAKE price is believed to revive a healthy ascending trend and rise again in 2025.
