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PancakeSwap (CAKE) Bulls Gain Ground as Selling Pressure Weakens
PancakeSwap price analysis suggests that the CAKE price is presently moving on an uptrend after breaking out of the bear’s stronghold. The price is trading above the 50-day and 200-day EMA levels on the daily timeframe.
According to BscScan, CAKE holders are increasing indicating positive momentum. On 4 March 2025, the holders’ count was 1,824,653 and it currently stands at 1,826,602. Moreover, the token transfer count has also increased in the last three days. On 14 March, the transfer count was 26,175 which increased to 137,941. The data signifies that the on-chain activity has increased in the last few days.
If the CAKE price gains buyers’ support at the present level, it can see a surge of 45% to 50% near the price of $4.00 within the next few weeks. Furthermore, the immediate support level for the altcoin is 13% below, around $2.2164. The price movements are relevantly more stable for CAKE crypto than other major digital assets.
According to CMC data, currently, CAKE’s price is trading at $2.57, and it has a market capitalization of around $754.14 million.
Will CAKE Break Above The $4.00 Mark?
Currently, PancakeSwap price is trading above the 50-day and 200-day EMAs (Exponential moving averages), which are supporting the bullish momentum
The current value of RSI is 67.71 points. However, the 14 SMA is below the median line at 42.34 points, which indicates that the PancakeSwap crypto is bullish.
The MACD curve at 0.0075 and the signal curve at -0.0989 heading in the upward direction. A bullish crossover is observed in the MACD indicator which signals positive momentum.
PancakeSwap (CAKE) is showing bullish momentum, trading above the 50-day and 200-day EMAs with increased on-chain activity and holder growth. With RSI and MACD indicators signaling positivity, CAKE could surge 45%-50% to $4.00, if current trends persist.
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