In the current uncertainty in the market, the whale’s interest appears to have turned into Cake, the original symbol of Pancakeswap. Recently, the Santiment Serial Analysis Data stated that Pancakewap leads all assets in whale activity, after it rose during the past week.
Pisces in the cakes increases 440 %
The report revealed that the percentage of change in transactions that take place from the whale governor bearing $ 100,000 of the cake increased by 439.71 % during the past week, followed by Hex and Mantle (MNT), which recorded the jumps by 275 % and 144.44 %, respectively, during the same period.
However, this huge whale activity may be the reason behind the CAKE 56 % momentum last week, while the main assets such as Bitcoin (BTC) and Ethereum (ETH) and XRP are struggling to gain commercial power. Besides this strong gathering, the cake appears to follow a similar pattern.
Current price momentum
On March 22, 2025, the original rose more than 4.5 % over the past 24 hours and is currently being traded near $ 2.70. During the same period, the trading volume increased by 15 %, indicating the increase in participation of investors and merchants compared to the previous day.
With the huge prices in recent days, Cake has reached a decisive resistance level with a strong date of price repercussions. In other words, this level was a large pressure area for sale.
Vanxx and Wab Technical Analysis (Cake) and the next levels
According to expert technical analysis, Cake reached a strong resistance level at $ 3 and was combined near this level during the past three days. Based on the modern measures of historical prices and momentum, if this resistance violates and closes a daily candle exceeding $ 3.05, there is a strong possibility that the original will rise by 45 % to $ 4.30 in the coming days.
On the other hand, if it fails to break the resistance, the original can repeat its historical style and experience a decrease in prices. In addition, CAKE is now trading over 200 Average Average ASI (EMA) on the daily time frame, indicating that the original is in a bullish direction.
