Within the present market uncertainty, whale curiosity seems to have shifted to CAKE, the native token of PancakeSwap. Just lately, knowledge from the on-chain analytics agency Santiment reported that PancakeSwap leads all belongings in whale exercise, having skyrocketed over the previous week.
Whale Exercise in CAKE Surges 440%
The report revealed that the share change in transactions made by whale wallets holding over $100,000 price of CAKE elevated by 439.71% over the previous week, adopted by HEX and Mantle (MNT), which recorded jumps of 275% and 144.44%, respectively, throughout the identical interval.
Nevertheless, this huge whale exercise is perhaps the explanation behind CAKE’s 56% upside momentum previously week, whereas main belongings like Bitcoin (BTC), Ethereum (ETH), and XRP struggled to achieve traction. Moreover this robust rally, CAKE seems to be following the same sample.
Present Worth Momentum
On March 22, 2025, the asset surged over 4.5% previously 24 hours and is at present buying and selling close to $2.70. Throughout the identical interval, its buying and selling quantity elevated by 15%, indicating greater participation from traders and merchants in comparison with yesterday.
With the large worth surge in latest days, CAKE has reached an important resistance degree with a robust historical past of worth reversals. In different phrases, this degree has beforehand acted as a major promoting strain zone.
Pancakeswap (CAKE) Technical Evaluation and Upcoming Ranges
In accordance with knowledgeable technical evaluation, CAKE has reached a robust resistance degree at $3 and has been consolidating close to this degree for the previous three days. Based mostly on latest worth motion and historic momentum, if CAKE breaches this resistance and closes a every day candle above $3.05, there’s a robust risk that the asset may soar by 45% to succeed in $4.30 within the coming days.
Alternatively, if it fails to interrupt the resistance, the asset may repeat its historic sample and expertise a worth decline. Moreover, CAKE is now buying and selling above the 200 Exponential Transferring Common (EMA) on the every day timeframe, indicating that the asset is in an uptrend.