Coinbase World Inc. (NASDAQ: COIN) introduced plans to listing PancakeSwap ($CAKE) within the close to future. The cryptocurrency trade added the ERC-20 model for CAKE within the roadmap for itemizing and highlighted that its buying and selling will probably be opened as soon as the set pre-listing situations are fulfilled.
The approaching itemizing of CAKE on Coinbase follows a notable regulatory readability of the Binance ecosystem in america. As Coinpedia reported, the U.S. SEC not too long ago dropped the long-standing case towards Binance and its prime executives.
Most significantly, the PancakeSwap platform has recorded important development within the latest previous, whereby it continues to dominate the DEX quantity of BSC. In Might, PancakeSwap posted a web traded quantity of about $165.3 billion out of the full DEX quantity on the BNB ecosystem of about $178.2 billion.
PancakeSwap Worth Indicators Bullish Breakout
Following the announcement of the CAKE itemizing on Coinbase, the altcoin gained round 1 p.c to commerce at about $2.44 on Wednesday, June 4, through the late North American buying and selling session. Consequently, the mid-cap altcoin, with a completely diluted valuation of about $903 million and a 24-hour common buying and selling quantity of about $131 million, signaled an imminent breakout from a multi-week consolidation.
Within the four-hour timeframe, CAKE value has been consolidating in an ascending triangle since late February 2025. A big resistance has been recorded above $2.87 after the CAKE value was rejected greater than 4 occasions previously three months.
With the four-hour MACD line getting ready to cross the zero line, CAKE value is effectively positioned to interrupt by means of the resistance degree round $2.9 and attain a short-term goal of about $4.3. Nonetheless, if CAKE value constantly closes under the established rising logarithmic development, a possible drop under $2 will probably be inevitable.