Key Notes

Key Notes:

CAKE price must consistently close above the crucial resistance level of around $5.4 to validate a rally toward ATH.PancakeSwap has developed the necessary infrastructure to enable the secure mainstream adoption of digital assets including mass MEV protection.

As the crypto liquidity flow favors Binance Holdings’ BNB Chain in the past few days, PancakeSwap CAKE $2.53 24h volatility: 4.5% Market cap: $736.08 M Vol. 24h: $278.35 M , a top-tier decentralized exchange (DEX), has reaped huge gains. Earlier on Friday, February 14, PancakeSwap announced that it has surpassed $1 trillion in trading volume on BNB Chain.

As a result, the multi-chain DEX, which is available on Ethereum ETH $2 770 24h volatility: 4.6% Market cap: $333.84 B Vol. 24h: $18.34 B , Aptos APT $6.07 24h volatility: 0.7% Market cap: $3.57 B Vol. 24h: $174.52 M , and Arbitrum ARB $0.48 24h volatility: 3.1% Market cap: $2.12 B Vol. 24h: $141.93 M , among others, is one of the few DeFi to surpass $1 trillion in cumulative trading volume. In the past 24 hours, PancakeSwap recorded a total volume of about $6.34 billion from around 41.8K active daily addresses.

🎉 PancakeSwap has officially surpassed $1 Trillion in trading volume on @BNBCHAIN !

There’s so much more ahead. Let’s keep pushing the boundaries together:⁰🔗 https://t.co/mTC7snNZET pic.twitter.com/0MkRknRyYj

— PancakeSwap (@PancakeSwap) February 14, 2025

According to market data from Defillama, PancakeSwap has a total value locked of about $1.8 billion and an annualized fee of about $2.67 billion. The DEX uses the collected fees to facilitate its burn process, whereby around 81.2 percent of CAKE’s max supply has already been obliterated.

With whale investors controlling around 10 percent of CAKE’s max supply, only 10 percent is available for retail traders. As a result of the rising demand for PancakeSwap, CAKE’s price is well positioned to rally exponentially in the near future.

The notable launch of meme coins on the BNB Chain, akin to the Solana (SOL) network, has helped heighten the on-chain activity on PancakeSwap. The launch of several Meme coins dedicated to CZ’s dog Broccoli has attracted more speculative traders on the DEX platform in the last 24 hours.

Over the years, PancakeSwap has developed the necessary infrastructure to help in the mainstream adoption of digital assets. For instance, the DEX recently enhanced MEV protection for all trades to ensure the users’ funds are protected from bots seeking to front-run swaps.

From a technical analysis standpoint, CAKE’s price has been forming a macro reversal pattern after being trapped in a bearish outlook since early 2021. The mid-cap altcoin, with a fully diluted valuation of about $944 million and a 24-hour average trading volume of around $786M, has rebounded severally from the support level of around $1.54 in the past 12 months.

From one perspective, CAKE price has been forming a bullish flag since March 2024. On a different view, CAKE price has been forming a multi-month inverted head and shoulders (H&S) pattern coupled with a rising divergence of the weekly Relative Strength Index (RSI).

In both cases, CAKE price is preparing to launch toward its all-time high of around $43.96.

However, CAKE price must consistently close above the resistance level of around $5.4 in the coming weeks to invalidate further consolidation.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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