The post CAKE Price Soars 4.70% as PancakeSwap Stock Perpetuals Launch Powers Recovery appeared on BitcoinEthereumNews.com.

Joerg Hiller
Aug 17, 2025 10:56

CAKE trading at $2.83 with 4.70% gains following PancakeSwap’s stock perpetuals launch and $12M token burn, though technical indicators show mixed signals ahead.

Quick Take • CAKE currently trading at $2.83 (+4.70% in 24h) • PancakeSwap’s RSI at 55.23 suggests neutral momentum with room for upward movement • Stock perpetuals launch and $12M token burn driving recent price recovery What’s Driving PancakeSwap Price Today? The CAKE price surge reflects market enthusiasm following PancakeSwap’s launch of Stock Perpetuals on August 13th, introducing leveraged trading for tokenized stocks including Apple and Tesla. This innovation coincided with a significant token burn of 8.27 million CAKE tokens worth $12 million, creating deflationary pressure that typically supports price appreciation. However, the CAKE price faced headwinds on August 12th, dropping 3.52% to $2.71 as profit-taking emerged despite the protocol’s innovation push. This temporary setback demonstrates the ongoing tension between fundamental improvements and short-term trading dynamics in the CAKE/USDT pair. The August 11th announcement teaser initially sparked a 4.8% surge to $2.70, highlighting how development updates continue to influence CAKE price movements. Today’s 4.70% recovery suggests traders are reassessing PancakeSwap’s value proposition following the concrete delivery of new features. CAKE Technical Analysis: Mixed Signals Emerge PancakeSwap technical analysis reveals a complex picture with both bullish and bearish elements. CAKE’s RSI reading of 55.23 positions the token in neutral territory, providing room for additional upward movement without entering overbought conditions. The moving average structure supports the bullish case, with PancakeSwap trading above all major timeframes. CAKE sits 1.4% above the 7-day SMA at $2.79, 3.3% above the 20-day SMA at $2.74, and significantly above longer-term averages including the 200-day SMA at $2.25. However, PancakeSwap’s MACD histogram shows bearish divergence at -0.0083, suggesting momentum may…

---

Filed under: News - @ August 17, 2025 11:24 am