As the governance token of PancakeSwap, Binance Smart Chain’s dominant DEX is now expanding across multiple chains. The CAKE price presents unique technical dynamics shaped by emission adjustments, cross-chain adoption, and yield farming trends. This analysis dissects CAKE/USDT price action through three specialized lenses. Different patterns, perpetual swap funding rate divergences, and volume correlations with BSC’s gas activity. We identify critical support while monitoring RSI extremes during major farming pool updates. With CAKE’s tokenomics now stabilized post-supply cap implementation. This technical framework helps traders navigate its evolving role as both a DeFi blue chip and leveraged yield play.
CAKE Price Analysis of July 28, 2025
The CAKE price formed a converging triangle pattern, which marked the low for the day at $2.984. The converging triangle pattern broke out to the upside at 02:30 IST, supported by a gold crossover of MACD, the price spiked to the upside, and a range developed.
Chart 1: CAKE/USDT M5 Chart, Analysed by Vallijat007, published on TradingView, July 28, 2025
- The range broke out to the upside at 05:10 IST, supported by a golden crossover of MACD, the CAKE price spiked to the upside, and a small converging triangle pattern formed.
- The converging triangle pattern again broke out to the upside at 07:25 IST, supported by the golden crossover of MACD; price spiked to the upside, marking the high for the day at $3.313.
- After marking the high for the day, the price formed a range. The range broke out to the downside at 10:55 IST, supported by a death crossover of the MACD. CAKE price spiked to the downside, but the momentum soon faded away, and the price formed an expanding triangle pattern.
- The expanding triangle pattern broke out to the downside at 15:20 IST, supported by a death crossover of the MACD.
- If the breakout succeeds, then the CAKE price may drop to the level of $2,800. If the breakout fails, then the price may move to the upside, marking another high at the level of $3.500.
PancakeSwap Expands to Base Chain as CAKE Eyes Breakout
PancakeSwap has launched its Infinity decentralized exchange (DEX) on Base, Ethereum’s fast-growing Layer 2 network, marking a strategic expansion for the multichain DeFi platform. The deployment brings gas-efficient trading, dynamic fee structures, and cross-chain swaps to Base users, following Infinity’s recent debut on BNB Chain.
The move comes as Base hits record TVL and DEX volumes, positioning PancakeSwap to capitalize on the network’s surging activity. Meanwhile, CAKE is testing a key resistance zone between $2.80, $3.00, forming a bullish ascending triangle pattern. A breakout above $3.00 could trigger a rally toward $4.00, especially with PancakeSwap’s cross-chain integrations (including Arbitrum and BNB Chain) enhancing utility.
With lower fees and deeper liquidity across chains, PancakeSwap is strengthening its position as a leading DEX. If adoption grows on Base, CAKE could see renewed momentum.
PancakeSwap’s Cross-Chain Expansion Fuels CAKE’s Price Potential:
The CAKE price movement reflects strengthening fundamentals, driven by PancakeSwap’s expansion to Base, an increasingly active Ethereum Layer 2. With Infinity DEX now live on Base, the platform is offering efficient, low-fee trading and access to new liquidity sources. This follows similar successful integrations on Arbitrum and BNB Chain. As PancakeSwap scales across chains, CAKE’s utility deepens, drawing attention to its bullish structure near the $3.00 breakout zone. If momentum continues and Base adoption grows, CAKE could surpass $3.50 and aim for $4.00. With solid tech upgrades and rising DeFi activity, CAKE is positioning for a potential breakout from consolidation.
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