PancakeSwap is grabbing attention today with a sharp 12% price jump, now trading around $2.68. The rally isn’t random, it’s backed by strong chart patterns and huge trading volume across the PancakeSwap DEX. On-chain data and market activity are both pushing momentum in CAKE’s favor.
According to PancakeSwap update on X (formerly Twitter), the platform has already racked up over $100 billion in trading volume this May. That’s a massive number, and it comes as traders pile into altcoins and meme tokens across decentralized exchanges.
🔥 $100B in May
— PancakeSwap (@PancakeSwap) May 26, 2025
🔹 May isn’t over yet, and we’ve already hit $100B in trading volume on PancakeSwap!
🥞 DeFi Summer, let’s keep it rolling! pic.twitter.com/FdxeoxFJdr
Moreover, crypto analyst Aaliya pointed out on X that PancakeSwap saw over $10.49 billion in trading volume in just 24 hours, and $57.6 billion over the week, more than twice as much as Uniswap.
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🚀 Absolutely BULLISH on $CAKE 🥞
— Aaliya (✸,✸) .ink (@aaliyaamodi) May 26, 2025
Just look at the DEX volume data 👀@PancakeSwap is crushing the competition with a massive $10.49B 24h volume & $57.6B weekly volume – more than 2x of Uniswap!
And it's not just volume…
📈 +123% weekly growth
🔥 60%+ market share in total… pic.twitter.com/TgmJcASJrv
Adding to the excitement, Bpaynews shared data from DeFiLlama showing that PancakeSwap brought in $9.27 million in protocol fees within a single day. That puts it ahead of Circle and second overall in the entire crypto space. These figures suggest more users are active on the platform, and the protocol is seeing major traffic right now.
What you'll learn 👉
PancakeSwap Technical Indicators Support Continued Uptrend
Technical analysis posted by prominent analyst World Of Charts shows that the CAKE price has broken out of a long-term symmetrical triangle. The CAKE chart illustrates months of consolidation, with higher lows and lower highs forming the triangle boundaries. CAKE has now moved above the triangle’s upper trendline, signaling a potential breakout rally.
Analysts identified the $2.40–$2.55 zone as a key support area. With price now holding above this range, the breakout remains valid. The next resistance lies near $3.00, with $4.00 as the anticipated target if momentum continues. The current chart pattern suggests rising bullish strength, provided the price stays above the breakout line.
On-Chain Activity and User Growth Drive PancakeSwap Demand
Coinpedia Markets reported on X that CAKE’s 21-day and 50-day exponential moving averages (EMAs) have crossed above the 200-day EMA. The relative strength index (RSI) is also rising, suggesting building price strength.
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$CAKE has been on an uptrend for a while, supported by strong on-chain— #PancakeSwap’s trading volumes hit $100 billion in May. 🚀#CAKE technical indicators remain bullish: both the 21-day and 50-day EMAs are above the 200-day EMA, and the rising RSI suggests building momentum.… pic.twitter.com/cY4Y1nMUXn
— Coinpedia Markets (@MarketCoinpedia) May 27, 2025
BitTraderX noted that PancakeSwap now serves over 4.4 million active users. As new tokens launch daily, CAKE benefits from increased trading demand. These developments, coupled with growing trading volumes and rising protocol fees, are drawing investor attention back to the asset.
$CAKE is fundamentally solid, backed by PancakeSwap’s 4.4M+ active users. With new tokens launching daily, it benefits directly from rising DEX volume—especially during altseason when traders flood in for meme coins. Strong utility & hype = massive upside potential.#PancakeSwap pic.twitter.com/3wm35by6I4
— BitTraderX | Crypto, Blockchain, NFT's and WEB3 (@BitX_trader) May 24, 2025
Moreover, with a 224% surge in trading volume and record usage metrics, PancakeSwap (CAKE) has positioned itself as a top-performing asset in the current cycle. Analysts and traders are now watching the $2.70–$3.00 range closely. A sustained move above these levels may set the stage for PancakeSwap price toward $4.00.
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