{"id":636291,"date":"2025-03-18T07:46:56","date_gmt":"2025-03-18T07:46:56","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=636291"},"modified":"2025-03-18T09:01:15","modified_gmt":"2025-03-18T09:01:15","slug":"is-it-too-late-to-buy-cake-pancakeswap-price-soars-20-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/is-it-too-late-to-buy-cake-pancakeswap-price-soars-20-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy CAKE? PancakeSwap Price Soars 20% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The PancakeSwap price soared 20% in the last 24 hours to trade at $2.57 as of 12:08 a.m. EST on trading volume that skyrocketed 427% to $1 billion.<\/span><\/p>\n

This surge in the CAKE price comes as meme coin activity increasingly shifts to PancakeSwap and the Binance Chain, reflecting a broader trend in the crypto market. <\/span><\/p>\n

As the market attempts to recover, traders are capitalizing on emerging meme coins, driving liquidity and trading volume on decentralized exchanges like PancakeSwap.<\/span><\/p>\n

PancakeSwap Price Could Continue Soaring<\/h2>\n

The <\/span>CAKE price<\/span><\/a> has witnessed a significant bullish reversal after breaking out of a falling wedge pattern, a well-known bullish reversal formation.<\/span><\/p>\n

Before the breakout, the PancakeSwap price had been in a downtrend, consistently making lower highs and lower lows within the wedge. <\/span><\/p>\n

However, after bottoming out at nearly $1.40, buyers stepped in, pushing the price of CAKE sharply higher, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

Following the breakout, the price of PancakeSwap surged past both the 50 Simple Moving Average (SMA) on the 4-hour chart at $1.7483 and the 200 SMA on the 4-hour chart at $2.0933, confirming a strong bullish trend.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 85.76, which is deep in overbought territory and indicates strong buying momentum.<\/span><\/p>\n

\"PancakeSwap
CAKE\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

CAKE Aims For Prices Above $3<\/h2>\n

Based on the confirmed falling wedge breakout, the CAKE price has the potential to surge even more. The next resistance levels to watch are the $2.80 – $3.00 zone. <\/span><\/p>\n

If the price of PancakeSwap clears $3.00, the next bullish target could be around $3.40 – $3.50.<\/span><\/p>\n

On the downside, if a retracement occurs due to the overbought RSI, CAKE could drop to the next support zone around the 200 SMA at $2.09 with the next one around $1.74 (50 SMA).<\/span><\/p>\n

In the meantime, investors are flocking to buy <\/span>Best Wallet (BEST)<\/span><\/a>, which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.<\/span><\/p>\n