Breaking: $CAKE Surge 16% Amidst Breakout of a Falling wedge

The price of Pancakeswap saw a noteworthy uptick of 16% today amidst breakout of a falling wedge pattern. With the Relative Strength Index (RSI) at 72, more upside is envisioned in the long run as traders step in sparking a move to the $3.8 pivot point.

About PancakeSwap
PancakeSwap is a decentralized exchange (DEX) built on multiple blockchains, primarily BNB Chain and Ethereum, offering trading, staking, and yield farming services. The platform uses automated market makers (AMM) to enable users to trade cryptocurrencies directly from their wallets, with CAKE as its native token that powers various platform features and rewards. Since its launch, it has evolved into one of the largest DEXs by trading volume, incorporating features like perpetual trading and cross-chain functionality.

PancakeSwap Price Live Data
The live PancakeSwap price today is $2.79 USD with a 24-hour trading volume of $399,375,543 USD. PancakeSwap is up 15.87% in the last 24 hours, with a live market cap of $816,022,085 USD. It has a circulating supply of 292,717,453 CAKE coins and a max. supply of 450,000,000 CAKE coins.