CAKE is starting to turn heads again. Price is trading around $3.80, and analysts are seeing initial indications that the chart is preparing for a breakout.
Following months of consolidation, the setup is finally looking constructive, and traders are now taking an interest.
What you'll learn 👉
CAKE Chart Structure Looks Ready
On the weekly CAKE chart, price is pressing above the stubborn $3.15–$3.20 zone, an area that has acted as resistance for almost a year. That’s why this latest push feels different. It’s the first time in a while that CAKE price is testing the top of its range with real momentum.
Since the start of 2025, the chart has been quietly improving. Higher lows have stepped up from roughly $1.80 to $2.90, forming a textbook ascending triangle, the kind of pattern that often signals a continuation to the upside.
If the breakout sticks, analysts are watching for a move toward $4.70-$4.90, possibly even $5.20. For now, $3.10-$3.25 is the key support to hold, with backup zones near $2.80-$2.95 and $2.45-$2.60. On the flip side, resistance sits at $3.55-$3.75 and again around $3.95-$4.20.
CAKE Traders Are Turning Bullish
One analyst summed it up on X: “$CAKE LOOKING POISED FOR A RUN, coming out of an accumulation range and ascending triangle.” That’s exactly what the chart shows, months of coiling up inside a tight range and now trying to break free.
Another trader said they’ve started buying CAKE on spot, calling the fundamentals “decent” and pointing out that PancakeSwap remains the most established DEX on the Binance Chain.
I like $CAKE here and have started buying some spot.
— CrediBULL Crypto (@CredibleCrypto) October 6, 2025
Fundamentals are actually decent and with $BNB making new ATH day after day I think $CAKE will catch people's eye again soon enough with it being the most well know and established DEX on Binance chain.
Technical setup looks… https://t.co/i4O6MHRrv8 pic.twitter.com/GZ4dO224Am
With BNB hitting new all-time highs, they believe CAKE could attract more interest as the next lagging play. They also noted that CAKE price is still down about 90% from its $40 peak, meaning there’s plenty of room for recovery if momentum continues.
What Comes Next
The big question is whether the CAKE price can hold above $3.10-$3.25 and close the week above $3.35. If it does, that could confirm the breakout and open the path toward $4.00 and beyond.
But if it slips back under $2.90, the setup weakens fast. For now, traders are watching the weekly closely, it could decide whether PancakeSwap is ready to finally run again.
Read Also: PancakeSwap (CAKE) Could Pump Soon – Analyst Explains Why
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
