Market Overview for PancakeSwap (CAKEUSDT) – 2025-08-25

• PancakeSwap (CAKEUSDT) opened at $2.702 and closed at $2.637, down 2.4% on 24-hour data.
• Price broke below key support at $2.69, with a large 15-minute candle showing bearish exhaustion.
• RSI indicates oversold conditions, while volume remains elevated, suggesting short-term buying interest may emerge.
• A sharp intraday selloff to $2.634 was followed by consolidation near $2.64, hinting at possible near-term stabilization.

PancakeSwap (CAKEUSDT) opened at $2.702 on 2025-08-24 12:00 ET and closed at $2.637 by 12:00 ET on 2025-08-25. The pair reached a high of $2.788 and fell to a low of $2.634. Total volume amounted to 4,267,005.17 CAKE, with $11,169,725 in notional turnover.

Structure & Formations

A key resistance appears at $2.73, where price stalled midday, while support is now likely near $2.63–2.64 after a strong rejection at that level. A long bearish shadow on the 15-minute candle at 00:45 ET (closing at $2.666) suggests short-term bearish momentum. A morning doji at $2.704–2.706 and a late bearish engulfing pattern from $2.706–2.692 indicate weakening bullish conviction.

Moving Averages

The 20-period and 50-period 15-minute moving averages are currently below price, confirming a short-term downtrend. On the daily chart, the 50/100/200-period EMAs are converging near $2.75–2.77, reinforcing that the 24-hour close of $2.637 is below critical long-term support. A bounce above $2.70 is needed for a potential reversal.

MACD & RSI

The 15-minute MACD turned negative after a short-lived positive divergence early morning, now indicating bearish momentum. RSI has dropped to 32–35, reaching oversold territory for the first time in the last 24 hours. This may trigger short-covering or accumulation, but a breakout above $2.675 is required to confirm a reversal.

Bollinger Bands

Price has expanded volatility as the 20-period BBs widened during the morning selloff. By late afternoon, the 20-period BBs had narrowed slightly, indicating consolidation. Price is currently near the lower band at $2.63–2.64, a classic oversold signal, but a sustained move above $2.675 may see it return to the middle band.

Volume & Turnover

Volume spiked sharply during the 15-minute candle at 19:45–20:00 ET with a massive $630k turnover, signaling aggressive selling. However, late-day volume has been relatively consistent, with a modest increase around $2.64, indicating some accumulation. Notional turnover peaked at $2.634 with a single 15-minute candle showing over $1.5 million in turnover.

Fibonacci Retracements

Key Fibonacci levels for the 15-minute intraday move from $2.788 (high) to $2.634 (low) sit at 38.2% ($2.704) and 61.8% ($2.679). Price has found temporary support at $2.64, slightly above the 61.8% retracement level. A test of the 38.2% level may offer another near-term opportunity for buyers.

PancakeSwap could test the $2.64–2.66 range in the next 24 hours, with a potential for a countertrend rally if RSI remains in oversold conditions. However, a break below $2.63 would likely accelerate bearish momentum and signal deeper selling. Investors should watch for volume confirmation and price behavior around $2.64–2.65 for early reversal clues.