PancakeSwap’s native token CAKE has risen 4.03% in 24 hours, trading at $1.44. Weekly gains of 5.45% and increased trading volume suggest renewed market interest. Technical analysis indicates the price is holding a key support zone between $1.10 and $1.30, with momentum indicators pointing to easing selling pressure.
PancakeSwap (CAKE) has maintained upward momentum, continuing its recent price recovery. The token’s 4.03% gain on March 13, 2026, signals renewed buying activity in the market.
Weekly, CAKE has also shown solid strength, advancing roughly 5.45% as overall market sentiment improves according to CoinMarketCap data. The token’s 24-hour trading volume reached $31.11 million, reflecting a 24.09% increase.
According to crypto analyst Jonathan Carter, CAKE on the weekly chart forms a clear descending triangle. The recent bounce suggests buyers are defending the $1.10–$1.30 support zone, indicating accumulation.
Carter noted this could lead to potential momentum toward the first recovery targets around $1.50 and $2.20. “If the price continues to respect the support, the next major steps for the token to rise could take the price to $3.00 and $4.50,” he stated.
From an indicator’s perspective, the Relative Strength Index is at 37.92. This suggests the selling pressure is easing off somewhat.
The MACD is still bearish overall, but the length of the red bars is decreasing. This indicates that the selling pressure is decreasing, possibly due to some buying pressure returning.
