PancakeSwap hits 10-month high – Why $2.80 is CAKE’s next target

fiverr
fiverr


In a major boost for CAKE, PancakeSwap unveiled its ‘Pre-Access Portal’ on the 20th of September. The new platform will give the PancakeSwap community an opportunity to buy exposure to private entities before the public launch.

This move was welcomed by Binance Wallet since CAKE is part of the BNB Chain ecosystem. As such, Binance promised to  provide the technological gateway to connect users with early-stage opportunities via the Binance Wallet. 

Users who join pre-access exposure increase their quota with Alpha points and on-chain bricks trading volume and holdings. Therefore, users get access to a flexible on-chain investing experience under a unified point.

How did the PancakeSwap market react?

The launch of the pre-access exposure has a positive impact on CAKE’s price charts as the token jumped to $2.60 for the first time since November 2025 before slightly retracing.

Betfury

At press time, PancakeSwap was trading around $2.50, up 9.4% on the daily charts, backed by strong demand, especially on the spot.

cake_buy_vs_sell_volume_spotcake_buy_vs_sell_volume_spot
Source: Coinalyze

According to Coinalyze, Buy Volume rose to 6.2 million over the past 24 hours. At the same time, the market delta has remained positive for four consecutive days.

This implies that buyers have significantly displaced sellers in the market.  Often, rising buyer dominance tends to strengthen demand, thus creating a path for more gains. 

Are stakers also turning optimistic?

Moreover, a significant demand also emerged from stakers. A look at PancakeSwap staking: the total staked jumped from 82K BNB on the 20th of September to 86K BNB at press time. 

The total number of CAKE tokens staked has not reached such levels since November 2025. The sudden jump in the total stake volume indicated that investors rushed to stake, anticipating the new launch will help CAKE grow.

PancakeSwap stakedPancakeSwap staked
Source: Defillama

At the same time, their holdings will not only increase in value but also earn yield. Staking has historically been effective in reducing market supply and easing potential selling pressure.

What’s next  for CAKE prices?

CAKE rallied, driven by positive ecosystem news and overall market sentiment. Examining momentum indicators, the market strongly leans bullish.

For instance, the Stochastic Momentum Index climbed to 55, edging into the bullish zone as of writing. At the same time, the positive index of ADX rose to 33 while the negative index fell to 8.

CAKE ADX & SMICAKE ADX & SMI
Source: Tradingview

The setup suggested that the upside is relatively strong and likely to hold. 

Therefore, if the conditions remain constant, PancakeSwap will reclaim $2.60, leaving $2.80 as the next short-term significant resistance.


Final Summary

  • PancakeSwap unveiled the ‘Pre-Access Portal’ thus allowing users to have exposure  to private companies before public launch.
  • CAKE responded ststrongly,umping to $2.6, levels last witnessed in November 2025. 



Source link

Paxful

Be the first to comment

Leave a Reply

Your email address will not be published.


*