PancakeSwap (CAKE) Breaks Above $2.75 as Record Trading Volume Fuels 8% Rally
The post PancakeSwap (CAKE) Breaks Above $2.75 as Record Trading Volume Fuels 8% Rally appeared on BitcoinEthereumNews.com. Peter Zhang Sep 20, 2025 09:57 CAKE price surges to $2.79 (+3.23% in 24h) following PancakeSwap’s record $58.7B August trading volume and community proposal to reduce token supply to 450 million. Quick Take • CAKE currently trading at $2.79 (+3.23% in 24h) • PancakeSwap’s RSI at 62.90 signals continued bullish momentum without overbought conditions • Record $58.7 billion August trading volume announcement drives sustained buying pressure What’s Driving PancakeSwap Price Today? The CAKE price rally continues to build on last week’s extraordinary momentum, with the September 18 announcement of PancakeSwap’s record $58.7 billion August trading volume serving as the primary catalyst. This milestone triggered an immediate 8.23% surge, pushing CAKE price from $2.54 to $2.76 in a single trading session. The bullish sentiment has been further reinforced by the September 15 community proposal to reduce the total CAKE token supply to 450 million. This deflationary mechanism represents a significant shift in tokenomics, designed to increase scarcity and potentially drive long-term price appreciation. The proposal has already contributed to an 18% price increase since its announcement. Adding to the positive narrative, PancakeSwap’s September 13 celebration of the trading volume milestone included the launch of a $250,000 anniversary campaign, demonstrating the platform’s commitment to community engagement and ecosystem growth. These combined factors have created a sustained bullish environment for CAKE/USDT trading pairs. CAKE Technical Analysis: Strong Bullish Signals Emerge PancakeSwap technical analysis reveals multiple confirming bullish indicators supporting the current uptrend. The CAKE RSI reading of 62.90 sits comfortably in the neutral zone, indicating there’s still room for upward movement before reaching overbought territory. This positioning suggests the rally has sustainable momentum without immediate reversal risk. The MACD configuration strongly supports continued bullish action, with the main line at 0.0355 and a positive histogram…
The post PancakeSwap (CAKE) Breaks Above $2.75 as Record Trading Volume Fuels 8% Rally appeared on BitcoinEthereumNews.com.
Peter Zhang Sep 20, 2025 09:57 CAKE price surges to $2.79 (+3.23% in 24h) following PancakeSwap’s record $58.7B August trading volume and community proposal to reduce token supply to 450 million. Quick Take • CAKE currently trading at $2.79 (+3.23% in 24h) • PancakeSwap’s RSI at 62.90 signals continued bullish momentum without overbought conditions • Record $58.7 billion August trading volume announcement drives sustained buying pressure What’s Driving PancakeSwap Price Today? The CAKE price rally continues to build on last week’s extraordinary momentum, with the September 18 announcement of PancakeSwap’s record $58.7 billion August trading volume serving as the primary catalyst. This milestone triggered an immediate 8.23% surge, pushing CAKE price from $2.54 to $2.76 in a single trading session. The bullish sentiment has been further reinforced by the September 15 community proposal to reduce the total CAKE token supply to 450 million. This deflationary mechanism represents a significant shift in tokenomics, designed to increase scarcity and potentially drive long-term price appreciation. The proposal has already contributed to an 18% price increase since its announcement. Adding to the positive narrative, PancakeSwap’s September 13 celebration of the trading volume milestone included the launch of a $250,000 anniversary campaign, demonstrating the platform’s commitment to community engagement and ecosystem growth. These combined factors have created a sustained bullish environment for CAKE/USDT trading pairs. CAKE Technical Analysis: Strong Bullish Signals Emerge PancakeSwap technical analysis reveals multiple confirming bullish indicators supporting the current uptrend. The CAKE RSI reading of 62.90 sits comfortably in the neutral zone, indicating there’s still room for upward movement before reaching overbought territory. This positioning suggests the rally has sustainable momentum without immediate reversal risk. The MACD configuration strongly supports continued bullish action, with the main line at 0.0355 and a positive histogram…
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