The post CAKE Price Surges 4.6% as PancakeSwap Shows Strong Bullish Momentum appeared on BitcoinEthereumNews.com.

Felix Pinkston
Jul 26, 2025 07:22

CAKE price hits $2.76 with bullish technical signals emerging. RSI at 65.51 and MACD showing positive momentum as traders eye $2.99 resistance level.

Quick Take • CAKE currently trading at $2.76 (+4.63% in 24h) • PancakeSwap technical analysis reveals strong bullish momentum with MACD turning positive • No major news catalysts in past week, price action driven by technical breakout What’s Driving PancakeSwap Price Today? While no significant news events have emerged for PancakeSwap in the past seven days, CAKE price has gained momentum purely through technical strength. The 4.63% daily surge appears to be driven by traders recognizing the bullish setup that has been developing over recent weeks. The absence of negative headlines has allowed PancakeSwap’s underlying technical patterns to play out naturally. With the broader DeFi sector showing resilience, CAKE has benefited from renewed interest in decentralized exchange tokens, particularly those with strong fundamentals like PancakeSwap’s position in the Binance Smart Chain ecosystem. CAKE Technical Analysis: Strong Bullish Signals Emerge PancakeSwap technical analysis reveals multiple confirming bullish indicators that suggest the current rally may have further room to run. The most compelling signal comes from CAKE’s MACD, which shows a reading of 0.1172 above its signal line of 0.1000, with the histogram at 0.0173 indicating strengthening bullish momentum. CAKE RSI currently sits at 65.51, positioning PancakeSwap in the upper neutral zone without reaching overbought territory. This suggests the token has room for additional upside before encountering momentum-based resistance. The RSI level indicates healthy buying pressure without the extreme readings that often precede short-term corrections. PancakeSwap’s moving averages paint an increasingly bullish picture. CAKE price trades above all major moving averages, with the SMA 7 at $2.73 providing immediate support. The ascending order of moving…

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Filed under: News - @ July 27, 2025 6:24 am