CAKE Price in Focus as PancakeSwap Reaches $1 Trillion Milestone

PancakeSwap (CAKE) has seen a remarkable surge, emerging as the top-performing cryptocurrency in the top-100 last week. The token rose nearly 50% in the past seven days, reaching $2.57 on Sunday, up 125% from its lowest point this month. With a market cap exceeding $767 million, PancakeSwap has become a standout in the decentralized finance (DeFi) space.

PancakeSwap’s recent success can be attributed to its booming decentralized exchange (DEX) volume, which reached a historic milestone of $1 trillion in total volume processed. According to DeFi Llama data, PancakeSwap’s volume in the past week surged 64% to $28.23 billion, marking its best performance since November 2021. This growth has allowed PancakeSwap to surpass other major players in the DEX industry, such as Uniswap, which handled $15.3 billion in volume, and Raydium, which recorded over $11 billion.

This boost in trading volume has also translated into higher fees for PancakeSwap, with total fees for 2025 reaching $64 million. Over the past 365 days, the DEX has accumulated $274 million in fees, making it one of the most profitable platforms in the DeFi sector. PancakeSwap’s strong performance is also linked to the rise of meme coins in the Binance Smart Chain (BSC) ecosystem, with popular meme coins like Broccoli contributing to the growth in trading activity.

The technical outlook for CAKE is also bullish, as its price chart reveals a parabolic rise following a low of $1.1855 earlier this month. This low marked a significant level, as it was the lowest price since August 2024. The price action suggests that CAKE has formed a double-bottom pattern, with the neckline at $4.5856, its highest level in December. A double-bottom formation is a classic bullish chart pattern, signaling potential for further gains.

Moreover, CAKE has broken above both its 50-day and 200-day Exponential Moving Averages (EMAs), which is typically a bullish indicator. The price is also forming a bullish pennant chart pattern, which is another continuation signal that suggests more upward movement.

The path of least resistance for CAKE’s price is tilted toward the upside. The immediate target for the token is $3.4185, its highest level this week. A breakout above this level could signal more upside, with the next resistance point being at $4.5856, the double-bottom neckline.

PancakeSwap is currently experiencing a significant rally, fueled by surging DEX volumes, rising fees, and a thriving meme coin ecosystem. The technical chart for CAKE supports the bullish trend, with key patterns and indicators pointing to further price appreciation. If the token continues to build on its recent gains, it could be headed toward new highs, with the potential to test resistance levels around $3.42 and $4.59 in the near term.