Crypto
CAKE Token Breaks Out of Multi-Month Range Amid Rising Trading Activity
PancakeSwap's CAKE token has broken out of a multi-month range and is now pushing higher after a sharp price shift in market structure.
The move has carried CAKE toward a major overhead supply zone, where it could face profit-taking after the steep rally.
Rising trading activity and continued token burns add weight to the recovery story, with PancakeSwap's latest weekly burn update reporting approximately 749,000 CAKE removed from circulation, representing roughly $1.65 million at the reported valuation.