The post CAKE Price Prediction for June 06 2025 appeared on BitcoinEthereumNews.com.

The PancakeSwap price today is holding steady near $2.48 after reclaiming key levels earlier in the week. On June 5, CAKE posted a mild gain of 0.60% and closed the session at $2.4830. The recovery comes after multiple failed breakout attempts in late May. Now, with the price structure climbing toward the upper boundary of its consolidation channel, traders are watching closely for signs of continuation or rejection. What’s Happening With PancakeSwap’s Price? The current PancakeSwap price structure is pressing against a confluence of resistance levels near the 0.618 Fibonacci retracement zone on the weekly chart, positioned around $2.4639. This level has acted as a mid-term pivot since mid-April, with the broader trend still anchored below the $2.85 mark, which represents the 50% retracement level of the move from $1.20 to $4.49. The price action on the 1D chart shows a clean ascending triangle forming, with bulls attempting a breakout above descending trendline resistance near $2.50. This structure has historically preceded volatility surges, which raises the possibility of a PancakeSwap price spike if bulls maintain their current momentum. Indicators Flash Mixed Signals as CAKE Moves Sideways The RSI on the 4-hour chart is hovering just above the 56 level, suggesting moderate bullish momentum without entering overbought territory. More notably, the MACD has recently made a bullish crossover, although its histogram is flattening—indicating that momentum is rising, but without forceful follow-through just yet. On the Ichimoku Cloud, CAKE is trading above the Tenkan and Kijun lines on the 30-minute chart, while remaining within a thin cloud on higher timeframes. This signifies short-term bullish bias, although the medium-term PancakeSwap price volatility remains constrained. A clean break above $2.50 backed by volume could open up space for a move toward $2.85–$2.90. Support Zones Hold, But Bears Still Hover Overhead A look at the…

---

Filed under: News - @ June 5, 2025 12:26 pm