PancakeSwap trading volume spiked to $2.2B, lifting CAKE by 11% in one day.
Analysts see a possible breakout above $2.74, with a short-term target of $3.33.
CAKE, the native token of PancakeSwap, surged 11% in 24 hours, driven by a spike in trading volume, making PancakeSwap the top DEX in volume ahead of Uniswap.
The launch of PancakeSwap Infinity has brought new DeFi features, with CAKE trading comfortably above major moving averages, signaling bullish control and potential upside to $3.33.