PancakeSwap (CAKE) Price Prediction for July 29, 2025: CAKE Taps $3.32 as Liquidity Surge Powers Breakout
After consolidating for weeks between $2.60 and $2.90, PancakeSwap price surged sharply in recent sessions, breaking out of its ascending channel to test a high of $3.327. PancakeSwap price today is hovering near $3.20, reflecting a 1.5 percent pullback from the intraday peak. Despite this minor drop, the overall structure remains bullish, with strong momentum and inflows supporting the move.
What’s Happening With PancakeSwap’s Price?
On the hourly chart, CAKE has cleanly broken out from a rising parallel channel that had been forming since mid-July. The breakout was accompanied by a sharp rise in volume, and price is currently retesting the breakout level near $3.18. The Bollinger Bands have expanded significantly on the 4-hour timeframe, while price remains firmly above the upper band at $3.23. This typically signals strong trend continuation.
EMA analysis on the 4-hour chart shows CAKE trading well above all major moving averages. The 20 EMA sits at $2.92 while the 200 EMA is far below near $2.52. This alignment confirms a bullish stack, with dynamic support rising rapidly toward the breakout zone.
The post PancakeSwap (CAKE) Price Prediction for July 29, 2025: CAKE Taps $3.32 as Liquidity Surge Powers Breakout appeared first on Coin Edition.
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PancakeSwap (CAKE) Price Prediction for July 29, 2025: CAKE Taps $3.32 as Liquidity Surge Powers Breakout
After consolidating for weeks between $2.60 and $2.90, PancakeSwap price surged sharply in recent sessions, breaking out of its ascending channel to test a high of $3.327. PancakeSwap price today is hovering near $3.20, reflecting a 1.5 percent pullback from the intraday peak. Despite this minor drop, the overall structure remains bullish, with strong momentum and inflows supporting the move.
What’s Happening With PancakeSwap’s Price?
On the hourly chart, CAKE has cleanly broken out from a rising parallel channel that had been forming since mid-July. The breakout was accompanied by a sharp rise in volume, and price is currently retesting the breakout level near $3.18. The Bollinger Bands have expanded significantly on the 4-hour timeframe, while price remains firmly above the upper band at $3.23. This typically signals strong trend continuation.
EMA analysis on the 4-hour chart shows CAKE trading well above all major moving averages. The 20 EMA sits at $2.92 while the 200 EMA is far below near $2.52. This alignment confirms a bullish stack, with dynamic support rising rapidly toward the breakout zone.
The post PancakeSwap (CAKE) Price Prediction for July 29, 2025: CAKE Taps $3.32 as Liquidity Surge Powers Breakout appeared first on Coin Edition.
Read More
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