PancakeSwap Rebranding Drives 11.20% CAKE Price Surge

Generated by AI AgentCoin World
Tuesday, May 27, 2025 2:33 am ET1min read
BNB
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PancakeSwap (CAKE) has recently experienced a significant surge in its price, with an overnight increase of 11.20%. This surge has been driven by the rebranding of PancakeSwap to PancakeSwap Infinity, which has introduced multiple pool types, hook-compatible smart modules, and capital-efficient single-slot liquidity. The upgrade promises lower trading fees and multi-chain support, which has sparked optimism among traders and investors, particularly in the BNB Chain and

CAKE
, the platform’s native token.

Over the past month, CAKE has recorded a 29.28% gain, making it the top gainer in the crypto market. At the time of press, CAKE is being sold on exchanges for $2.67, with a market cap of $849.77 million. The price spike was significantly boosted by an impressive surge in the 24-hour trading volume. The buzz around the rebranding has led to a wave of optimism, with traders and investors monitoring the price trend closely.

Looking at the 1-day PancakeSwap price chart, it has recently broken out of a symmetrical triangle pattern. The breakout candle has also risen above the 9-day SMA. Continued momentum will lead to the CAKE price surging past its immediate resistance at $2.75, to conquer one at $2.95 before making a move toward $3.15. Contrarily, it could find support at $2.45. A tip off to the intraday traders would be to mark their stop loss at $2.42.

The key levels to watch for CAKE are resistance levels at $2.75, $2.95, and $3.15, with support at $2.45. The recent surge in price and volume has been driven by the rebranding of PancakeSwap to PancakeSwap Infinity, which has introduced multiple pool types, hook-compatible smart modules, and capital-efficient single-slot liquidity. The upgrade promises lower trading fees and multi-chain support, which has sparked optimism among traders and investors.

While the bullish sentiment in the crypto market suggests that CAKE could rally to $3, there are also signs of caution. Investors should be aware of the potential for a correction and the impact of large investor movements on the market. As always, it is important to conduct thorough research and consider all factors before making investment decisions.