PancakeSwap ($CAKE) surged 45% this week, gaining attention ahead of a $BNB Chain update.
$CAKE is priced at $2.38, with a 24-hour volume of $603.48 million and a market cap of $641.10 million.
A reversal pattern near the downtrend’s lower boundary suggests a breakout if $4.42 resistance is broken, aiming for $7-$10.
The combination of technical indicators and the catalyst of the upcoming $BNB Chain update suggests that the token could see even greater price action in the coming weeks.