Pancakewap (Cake) witnessed a recent fresh recovery, increasing by 55 % during the past week. This sharp rise reflected the great losses seen in late February, when Altcoin was now traded at $ 2.68.
With the high price, traders and investors are increasingly optimistic, which led to an increase in trading activity and increased optimism for future price movements.
Pancakeswap notes an increase in whale activity
In the past four days, whale headlines accumulated 25 million cake codes of approximately $ 69 million. This massive accumulation follows a 50 % increase in prices during the past week, which increases the promotion of positive market morale.
The increase in whale activity indicates strong confidence in the prospects of future pies, indicating that big investors expect more gains for the encryption coin.
The bullish feelings are not limited to the immediate market. Whale actions had a ripple effect, which contributes to the direction of the wider market.
As the price continues to rise, the effect of these big traders can pay additional attention from smaller investors, which helps to maintain the upscale momentum.
Pancakeswap’s overall momentum has shown a clear shift in favor of the ups of the upscale market. One of the main indicators of this is the great growth in open attention, which increased by 326 % during the past week.
From 23 million dollars to 98 million dollars, this prominent increase is that traders are increasingly betting on the high future prices, especially through long contracts in the futures market.
The rise in open interest shows that the market is confident in the immediate price and its location is also determined for the continuous growth in the coming weeks.
This increased activity in future contracts contracts indicates that traders are preparing for greater price procedures, and supporting the issue to achieve additional gains in the CAKE price.
The price of the cake is approaching the critical resistance
Cake has seen a noticeable increase by 81 % in prices during the past ten days, which is $ 2.67. In doing this, Altcoin succeeded in erasing the 47 % losses that you lived in late February. The rapid recovery of prices indicates a large momentum behind the original.
Currently, Pancakeswap faces a 2.85 -dollar resistance level, which has not been established as support since early 2025. If momentum continues, this barrier can penetrate and may exceed $ 3.00.
A successful breach of this level may indicate that Altcoin is preparing for more growth.
However, if Cake fails to penetrate the resistance of $ 2.85, it may decline to $ 2.30. Such a decrease would erase the recent gains and nullify the upward view, and may indicate a temporary stoppage in the direction of recovery.
Disintegration
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