PancakeSwap Price Prediction: CAKE Cup-And-Handle Breakout Puts $3 In Sight

• PancakeSwap price today holds near $2.85 after reclaiming $2.68 support and breaking a cup and handle pattern.
• On-chain flows show $604,000 in net inflows, signaling renewed demand for CAKE at key resistance.
• PancakeSwap price prediction points to $3.00–$3.12 if momentum holds above the $2.86 breakout level.

PancakeSwap (CAKE) price today is trading near $2.85, marking a 5.8% gain in the past 24 hours after defending the $2.68 support level. The breakout has brought the token back above key short-term EMAs, setting the stage for a possible extension toward the $3.00 resistance ceiling.

CAKE Price Breaks Out Of Cup And Handle Pattern

The 4-hour chart shows CAKE breaking higher from a clear cup and handle structure, with neckline resistance at $2.68 flipped into support. Price is now testing the $2.86 zone, which capped rallies in late August. A persistent close above this level could pave the way for $3.00 and $3.12.

Momentum remains constructive, with the 20-EMA at $2.61 and the 50-EMA at $2.68 providing immediate reinforcement. The RSI has climbed to 69, just shy of overbought territory, suggesting buyers still have room before hitting exhaustion. Trendline resistance from July has been broken, confirming a structural shift in sentiment.

On-Chain Flows Show Positive Net Inflow

Spot flow data highlights a $604,000 net inflow into CAKE on September 20, the largest single-day accumulation in weeks. This comes after a prolonged stretch of net outflows, reflecting a potential reversal in investor appetite. Historically, sharp positive inflows near resistance zones have signaled the start of extended rallies.

However, analysts note that consistency will be key. While the inflow signals fresh demand, CAKE has struggled to hold traction in the past when flows quickly turned negative. Sustained buying pressure will be needed to confirm the bullish breakout beyond $2.86.

Supertrend And SAR Confirm Short-Term Bullish Bias

Lower-timeframe indicators align with the bullish view. The 1-hour chart shows CAKE trading firmly above the Supertrend support at $2.76, with the Parabolic SAR dots tracking below price at $2.68. This alignment underscores the strength of the current move, suggesting that any dips toward $2.76–$2.70 are likely to attract buyers.

If momentum fades, the first defense lies at $2.68, followed by $2.56, where the 100-EMA and historical demand cluster meet. A break below this zone would weaken the bullish thesis and expose CAKE to deeper consolidation toward $2.50.

Technical Outlook For PancakeSwap Price

PancakeSwap price prediction for the short term hinges on whether buyers can clear the $2.86 ceiling and sustain momentum toward the $3.00 level.

• Upside levels: $2.86, $3.00, and $3.12 if accumulation persists.
  
• Downside levels: $2.68 and $2.56 as key defenses.
  
• Trend support: $2.50 remains the deeper liquidity zone inside the broader channel.
  

Outlook: Will PancakeSwap Go Up?

The immediate outlook for PancakeSwap depends on follow-through at the $2.86 resistance. Technicals point to a bullish breakout, with the cup and handle structure, RSI strength, and short-term indicators all aligned in favor of continuation. On-chain flows add weight to the bullish case, with fresh inflows suggesting investors are positioning for higher levels.

As long as CAKE holds above $2.68, analysts see potential for the token to retest $3.00 in the coming sessions. A decisive breakout above that level would confirm trend continuation, while failure to sustain inflows could bring the $2.56–$2.50 support zone back into play.