After consolidating for weeks between $2.60 and $2.90, PancakeSwap price surged sharply in recent sessions, breaking out of its ascending channel to test a high of $3.327. PancakeSwap price today is hovering near $3.20, reflecting a 1.5 percent pullback from the intraday peak. Despite this minor drop, the overall structure remains bullish, with strong momentum and inflows supporting the move.
What’s Happening With PancakeSwap’s Price?
On the hourly chart, CAKE has cleanly broken out from a rising parallel channel that had been forming since mid-July. The breakout was accompanied by a sharp rise in volume, and price is currently retesting the breakout level near $3.18. The Bollinger Bands have expanded significantly on the 4-hour timeframe, while price remains firmly above the upper band at $3.23. This typically signals strong trend continuation.
EMA analysis on the 4-hour chart shows CAKE trading well above all major moving averages. The 20 EMA sits at $2.92 while the 200 EMA is far below near $2.52. This alignment confirms a bullish stack, with dynamic support rising rapidly toward the breakout zone.
Additionally, the Supertrend indicator has flipped green on the 1-hour chart, with support now building near $3.06. This confirms bullish control unless the price falls sharply below $3.00. Meanwhile, the DMI (Directional Movement Index) confirms trend strength with the +DI leading and ADX rising near 58.
Why Is The PancakeSwap Price Going Up Today?
The main reason PancakeSwap price going up today is the combination of structural breakout, rising inflows, and momentum confirmation. According to recent spot data, CAKE registered over $762,000 in net positive inflow on July 28. This is one of the largest single-day spikes in months, showing strong buyer commitment.
Momentum indicators are supporting the rally. RSI on the 1-hour chart peaked above 76 before cooling to 62.35, still in bullish territory. MACD also remains bullish, though a potential crossover is forming which may lead to a brief consolidation.
On-chain liquidity indicators add to the bullish case. The Money Flow Index (MFI) hit an extreme reading of 98.71, and Chaikin Money Flow (CMF) stands at 0.20, both indicating strong capital inflow. However, such extreme readings often precede short-term corrections.
Price remains above the session VWAP of $3.23, suggesting bulls are still dominating the intraday flow. The Parabolic SAR has also flipped to resistance at $3.327, marking the recent high. As long as price holds above $3.18, the trend bias remains bullish. Given the vertical nature of the recent breakout, a temporary pause or retest of $3.06 to $3.12 is possible before another upward move.
CAKE Price Prediction: Short-Term Outlook (24H)
The PancakeSwap price outlook for the next 24 hours remains cautiously bullish. If the $3.18 breakout level holds, price could revisit the $3.32 peak and potentially extend toward the next resistance near $3.38 to $3.45.
However, if price loses $3.18 and closes below $3.06, the rally risks unwinding toward $2.92 and the rising 20 EMA. Momentum remains favorable but is beginning to show signs of cooling. Traders should watch for consolidation near the $3.18 to $3.25 zone.
PancakeSwap Price Forecast Table: July 29, 2025
| Indicator / Zone | Level / Signal |
| PancakeSwap price today | $3.20 |
| Resistance 1 | $3.32 |
| Resistance 2 | $3.45 |
| Support 1 | $3.06 |
| Support 2 | $2.92 |
| RSI (4H) | 62.35 (cooling but bullish) |
| MACD (1H) | Weakening, near crossover |
| DMI (+DI / ADX) | 58.16 ADX, strong trend |
| MFI (14) | 98.71 (overbought) |
| CMF (20) | 0.20 (bullish flow) |
| Bollinger Bands (4H) | Expanded, trend active |
| VWAP / SAR (30-min) | VWAP at $3.23, SAR at $3.327 |
| Spot Netflow (July 28) | +$762.36K (bullish inflow) |
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