I’ve been watching PancakeSwap closely since yesterday, and the CAKE price movements have been nothing short of remarkable. In just 24 hours, the token rocketed 28%, climbing from a low of $2.62 to a high of $3.39. That being said, the 7-day gains now stand at 28.05%, while trading volume exploded 558% to $434 million.
With momentum on both fundamentals and price charts, Pancakeswap is suddenly back in the spotlight of DeFi. So, join me as I break down what’s fueling this surge and what traders should keep an eye on.
Top Reasons Behind PancakeSwap’s Price Gain
1. Record Platform Growth:
PancakeSwap processed $772 billion in trading volume in Q3 2025, marking a 42% quarterly jump and its 3rd straight record quarter. Daily turnover now averages close to $3 billion, cementing its place as the 2nd-largest DEX globally. The high volumes strengthen CAKE’s tokenomics via its 15% fee burn mechanism. While staking demand stays firm with $2.5 billion TVL.
2. Cross-Chain Expansion:
PancakeSwap recently deployed on Coinbase’s Base chain with $1.6B in daily volume and Solana, expanding its multichain reach. These moves diversify revenue and widen adoption. Though regulatory hurdles like Turkey’s July ban on non-KYC platforms still pose risks. Upcoming integrations in perpetuals and staking could further fuel demand if traction builds.
Bonus Point: Over 2.7 million CAKE have been burned in the last 30 days, tightening supply.
PancakeSwap Price Analysis
CAKE crypto price has cleared its 200-day EMA at $2.47 and pushed past the Fibonacci 127.2% extension at $3.46, with strong thrust. Successively, the MACD histogram turned positive at +0.0138, and the RSI signals bullish strength without being overheated.
With September’s bearish breakdown invalidated, the chart now shows a clean reversal above long-term averages. Traders are now eyeing $3.46 and $3.77 as the next resistance zones, with immediate support at $3.20 and the 200-day EMA. Holding above the $3.36 mark will be crucial to sustain momentum into late October and potentially open a path toward the $4 level.
Risks Investors Need to Watch
While CAKE’s setup looks bullish, risks remain on the horizon:
- Staking Unlock Pressure: The upcoming October 23 unlock could introduce fresh supply into the market.
- Profit-Taking: After such sharp gains, traders may lock in profits, leading to volatility or short-term pullbacks.
- Regulatory Shocks: Bans like Turkey’s move against non-KYC platforms highlight how quickly policy can disrupt adoption.
- Overextended Momentum: If volumes taper off, momentum could fade before testing higher resistance zones.
FAQs
The surge was driven by record trading volumes, bullish technical signals, and multichain expansion that boosted demand for CAKE.
Momentum is supported by fundamentals, but short-term pullbacks are possible if supply inflows rise or regulatory news shifts sentiment.
Watch whether CAKE holds above $3.36, how volumes trend, and how staking outflows evolve near the October 23 unlock. A close above $3.46 could set the stage for another leg higher.
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