<ul><li>CAKE, the native token of PancakeSwap, faces resistance at $2.77 after a 50% surge driven by renewed BNB Chain enthusiasm.</li><li>Analysts warn of potential sharp declines following rapid market surges; traders advised to avoid chasing prices and monitor key support levels.</li><li>BNB Chain optimism and CZ's bullish comments fueled an initial surge, but CAKE's price action hinges on breaking the $2.77 resistance.</li><li>Traders should proceed cautiously due to market volatility and the possibility of a downturn, despite positive long-term projections for the BNB Chain ecosystem.</li></ul>

CAKE’s 50% Pump Hits Wall: Can It Break $2.77?

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