The post CAKE Price Tests 50-Day Moving Average as DeFi Token Consolidates Near $2.86 appeared on BitcoinEthereumNews.com.

Caroline Bishop
Oct 17, 2025 22:30

PancakeSwap (CAKE) trades at $2.86, down 1.6% as the DeFi token consolidates around its 50-day moving average while broader crypto markets face headwinds from Bitcoin weakness.

Quick Take • CAKE trading at $2.86 (down 1.6% in 24h) • Trading on technical factors in absence of major catalysts • Testing support at 50-day moving average ($2.83) • Following broader crypto weakness as Bitcoin declines Market Events Driving PancakeSwap Price Movement No significant news events have emerged in the past 48 hours affecting CAKE price directly. The token is trading primarily on technical factors and broader market sentiment, with the decentralized exchange token following the general cryptocurrency market trend lower. Without major catalysts driving price action, CAKE price movement has been influenced by Bitcoin’s decline and general risk-off sentiment across digital assets. The lack of PancakeSwap-specific news has left traders focused on technical levels and correlation patterns with the broader market. Trading volume on Binance spot market reached $48.7 million over the past 24 hours, indicating moderate institutional and retail interest despite the absence of major news catalysts. CAKE Technical Analysis: Consolidation Phase Price Action Context CAKE price currently sits just above a critical technical confluence, trading at $2.86 compared to the 50-day moving average at $2.83. This positioning suggests the token is in a consolidation phase after recent volatility. The current price remains well below shorter-term moving averages, with the 7-day SMA at $3.14 and 20-day SMA at $3.22, indicating near-term bearish pressure. The token has been following Bitcoin’s general direction but showing relative weakness, as evidenced by its position below key short-term technical levels. Volume patterns suggest institutional interest remains subdued pending clearer directional signals. Key Technical Indicators The RSI reading of 46.5 places CAKE in…

---

Filed under: News - @ October 18, 2025 9:27 pm