Pancake Madness: CAKE Price Blasts Out of Its Triangle Trap—Will it Moon or Fizzle?

by

Ah, dear reader, gather round! The price of CAKE has just leapt out of a dreadful, mathematical prison known to clever sorts as an ascending triangle, now drooling at the thought of reaching $4.50. That’s a scrumptious 38% climb from where it’s loafing about right now! Will greedy fingers snatch the prize, or will our hero CAKE slip and face-plant back into the flour sack? 🍰

  • The CAKE has indeed broken out—so no, you haven’t accidentally left the oven on. It now eyes $4.50 as its next tasty resistance, like a hungry child in front of a locked pantry door.
  • RSI is screaming at 80, which even your Aunt Mildred knows means “overbought.” Expect a possible trip-and-tumble down to $3.00 for CAKE, at least for a tea break.
  • The 20-day EMA is still holding strong, propping CAKE up after its recent flop to $2.50. Also, the 20EMA-50SMA crossover is still out there wagging its bullish tail.
  • This entire spectacle may or may not be powered by PancakeSwap Infinity’s grand entrance on the Base chain. Marketing stunts: still tastier than the average pancake.

CAKE Technical Analysis: Or, How to Bake a Moonshot

PancakeSwap (CAKE) price has bulged up a plump 15% in just twenty-four hours, now trading at $3.30—if you can catch it! Trading volume? Surged a whopping 200%, which is a lot, even if you count in pancakes. This latest sugar rush began yesterday as CAKE finally hurdled the iron-bolted resistance of its triangle prison. Stellar performance for a dessert item!

Breaking out near $3.00, CAKE promptly gobbled up another 10%, licking its lips as it eyes $4.50. (Triangle patterns—better than any Swiss roll.) But beware! The RSI is waving its hands about at 80, desperately signalling overbought territory. A quick stop and tumble back to $3.00 might be in the cards. Let’s hope CAKE doesn’t drop its fork.

Now, if this breakout turns out to be as false as Aunt Agatha’s teeth, the trusty 20-day EMA is ready to catch CAKE yet again, as it did after the last $2.50 dip. Mind you, the 20EMA-50SMA crossover is still bullish, and both are marching upwards like a pair of band members—so a rally might just keep dancing on.

What’s Flicking the CAKE Price?

This wild CAKE breakout seems powered by the relentless maths of triangles and the bossy moving averages. But let’s not ignore the extra syrup! PancakeSwap Infinity burst out onto Base chain on July 24, which saw CAKE price slump to $2.50—perhaps out of stage fright—before hungry speculators gobbled up every crumb, kicking off today’s celebratory price surge.

With Infinity frolicking on Base, CAKE now has more uses than just fattening your portfolio: governance, fee deals, staking, you name it. As PancakeSwap grows plumper and stretches across chains like a rebellious dough, demand for CAKE rises, hoping for a multi-network feast. With Base chain itself clocking record highs in TVL and volume, more eyeballs, more forks, and more syrup threaten to send CAKE even higher—until someone yells “food fight!” 🥞🚀

Read More

2025-07-28 13:59