PancakeSwap (CAKE) May Test $3.45–$3.25 Support After $3.70 Rejection as Traders Eye Breakout

• CAKE tests key support at $3.45 and $3.25 after rejection at $3.70

• On-chain volume spikes and net buyback/burns support liquidity and long-term strength

• Break above the descending trendline would signal renewed buyer control and a move toward $4.00

PancakeSwap (CAKE) price outlook: watch $3.45 and $3.25 demand zones; monitor trendline break for upside. Read on for trade levels and on-chain context. (Act now to reassess positions.)

PancakeSwap (CAKE) faces short-term weakness near $3.55 after rejection at $3.70, with buyers monitoring support at $3.45 and $3.25.

• PancakeSwap (CAKE) pulled back from $3.70 and is testing strong demand zones near $3.45 and $3.25 amid sustained market interest.
• The technical structure remains bullish, as traders anticipate a breakout above the descending trendline could trigger another move toward the $4.00 region.
• Record trading volumes and ongoing token burns reinforce CAKE’s liquidity strength and dominance within the BNB Smart Chain ecosystem.

PancakeSwap (CAKE) price is moderately weak after attempting a push towards the $3.70 zone. The token is now consolidating near key short-term support zones, with traders assessing potential continuation signals.

What is the PancakeSwap (CAKE) price outlook after the $3.70 rejection?

PancakeSwap (CAKE) price has pulled back from $3.70 and is testing demand near $3.45 and $3.25. If one of these levels holds, the market structure remains bullish and a break above the local downtrend could send CAKE toward $3.85–$4.00.

How are traders using the $3.45 and $3.25 demand zones?

Traders view the retracement as a healthy consolidation. The $3.45 and $3.25 zones acted as breakout points during the prior rally. A sustained bounce from either zone would preserve higher lows and increase the probability of a trendline breakout.

Market observer ZYN noted that keeping price above these regions retains the bullish structure. Short-term momentum indicators on the 1-hour chart show a descending pattern of lower highs, so a break of the downtrend is required for conviction.

ZYN highlighted that a bounce at $3.45 could spark renewed buying that pushes price back above the downtrend line. That setup would open a path for a retest of $3.70 and a move into the $3.85–$4.00 range should volume pick up.

What on-chain data supports CAKE’s outlook?

On-chain metrics point to elevated participation. Analyst JW observed the largest trading volumes in CAKE’s history, surpassing peaks from 2021, alongside buyback and burn activity that now outpaces emissions.

JW also emphasized CAKE’s role within the BNB Smart Chain as a liquidity leader. The combination of strong volumes, reduced net supply pressure, and ecosystem positioning supports the bullish narrative even during short-term pullbacks.

Frequently Asked Questions

Is CAKE still bullish after the $3.70 rejection?

Yes. CAKE remains in a bullish structure provided it holds one of the demand zones at $3.45 or $3.25. A confirmed break above the short-term downtrend line would increase the likelihood of a move toward $3.85–$4.00. Monitor volume and support reaction.

When should traders consider buying CAKE?

Traders often look for a clear bounce from $3.45 or $3.25 with increasing volume, or a breakout above the descending trendline. Use tight risk management and confirm moves with on-chain volume and order flow.

Key Takeaways

• Short-term setup: CAKE rejected at $3.70 and is testing $3.45 and $3.25 supports.
• On-chain support: Record volumes and net buyback/burns bolster liquidity and long-term appeal.
• Actionable trigger: Break above the local downtrend line or a solid bounce from $3.45/$3.25 are bullish triggers.

Conclusion

PancakeSwap (CAKE) shows a mixed short-term picture: price weakness after a $3.70 rejection but structural strength if key demand zones hold. Traders should watch volume, support reactions, and a trendline breakout for confirmation. COINOTAG will monitor on-chain metrics and technicals for updated guidance.