PancakeSwap Ready for a Major Rally!

CAKE is showing strong signs of a potential long-term breakout after consolidating inside a symmetrical triangle pattern for nearly two years. The price recently broke above the mid-term resistance trendline, supported by increasing volume and a solid weekly close above the 50 and 100-week moving averages.

Technical Highlights:

🔷 Pattern: Symmetrical triangle formation in the weekly chart
🔷 Trend Confirmation: Price reclaiming above 50 and 100 EMA
🔷 Volume Profile: Strong accumulation between $1.8–$2.5 zone (visible on VPVR)


Target Zone

🟢 TP 1: $8.00 – $9.00

🟢 TP 2: $12.00 – $14.00

🟢 TP 3: $20.00 – $23.00


Bullish – Breakout confirmation on higher timeframes could initiate a strong mid-term rally toward TP2–TP3 levels.


Cheers
Hexa

Disclaimer:
This analysis is for educational purposes only and not financial advice. Always DYOR and manage risk responsibly.