PancakeSwap’s DEX dominance and BSC volume surge fuel CAKE’s 50% rally despite market downturn.Multi-chain integrations and user-friendly innovations increased the token’s demand and utility.Rumored major announcement and $1B volume spark confidence, eyeing a $2.90 breakout for the top DEX token.$CAKE has risen by 50%, fueled by strong buying pressure, amidst the market drawdown. Traders identify $2.40 as support and $2.90 as resistance.