The post CAKE Price Surges 4.8% as PancakeSwap Hits Record Trading Volume appeared on BitcoinEthereumNews.com.

Alvin Lang
Sep 10, 2025 17:21

CAKE trades at $2.53 with 4.8% daily gains following PancakeSwap’s $58.7B August volume milestone, though technical indicators show mixed signals ahead.

Quick Take • CAKE currently trading at $2.53 (+4.8% in 24h) • PancakeSwap’s RSI sits in neutral territory at 50.28, suggesting balanced momentum • Record $58.7 billion trading volume in August drives renewed interest in CAKE token What’s Driving PancakeSwap Price Today? The CAKE price rally stems from PancakeSwap’s impressive performance metrics released this week. The decentralized exchange achieved its highest trading volume since January 2025, processing $58.7 billion in transactions during August. This milestone solidifies PancakeSwap’s position as the second-largest DEX by activity, providing fundamental support for the CAKE token. Additionally, CAKE price benefited from the broader BNB Chain ecosystem rally, with the token reaching a 5-month high earlier this week. The strong correlation between BNB’s performance and PancakeSwap’s native token continues to play out, as both assets leverage the growing adoption of the BNB Chain infrastructure. Despite the record trading volume achievement, CAKE price has shown relatively restrained movement, holding steady around the $2.40-$2.53 range. This suggests that while the platform’s fundamentals are strengthening, market participants remain cautious about external factors affecting the broader cryptocurrency landscape. CAKE Technical Analysis: Mixed Signals Emerge PancakeSwap technical analysis reveals a complex picture with both bullish and bearish elements competing for control. The CAKE RSI reading of 50.28 indicates neutral momentum, suggesting neither buyers nor sellers have established clear dominance in the current market structure. The MACD histogram shows a positive reading of 0.0069, indicating early bullish momentum for PancakeSwap despite the overall MACD remaining in negative territory at -0.0611. This divergence often signals a potential trend reversal, though confirmation requires sustained buying pressure. PancakeSwap’s moving average…

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Filed under: News - @ September 11, 2025 4:28 am