In a remarkable rally, CAKE surged nearly 50% last week, reaching $2.57—marking an impressive 125% gain from its monthly low. With a market capitalization exceeding $767 million, it outperformed every other top-100 cryptocurrency.

Looking ahead, the CAKE price prediction remains bullish, with analysts forecasting a potential surge to $16.01 by 2030.

CAKE Price Overview

According to Coinpedia, price of PancakeSwap (CAKE) currently stands at $1.57, with a 24-hour trading volume of $65,508,968. Over the past hour, CAKE has dipped by -0.37%, and in the last 24 hours, it has declined by -3.96%.

Historical Performance & Recovery Potential

PancakeSwap reached its all-time high (ATH) of $44.18 on April 30, 2021, before experiencing a significant -96.44% drop from that peak. However, from its all-time low (ATL) of $0.000232 on September 29, 2020, CAKE has surged by an astonishing 678,242.37%, highlighting its potential for recovery.

Cake Token- Technical Analysis

PancakeSwap's 200-day SMA is projected to decline over the next month, reaching $2.15 by April 9, 2025. Meanwhile, the 50-day SMA is expected to drop to $1.792427 by the same date, reflecting short-term price trends.

The Relative Strength Index (RSI), a widely used momentum oscillator that determines whether an asset is oversold (below 30) or overbought (above 70), currently sits at 35.62. This suggests that CAKE remains in a neutral market position, neither strongly bullish nor bearish at this stage.

PancakeSwap Price Prediction: What’s Next for CAKE?

Analysts maintain a bullish outlook for PancakeSwap (CAKE) in the coming months, fueled by anticipation surrounding the upcoming V3 swap upgrade, which is expected to bring significant enhancements to the platform.

Looking ahead, 2025 price predictions suggest CAKE could trade between $2.40 and $5.99, with an average target of $4.15. By 2026, forecasts indicate further growth, with estimates ranging from $6.63 to $8.46 and an average price of $7.54.

As PancakeSwap’s ecosystem continues to expand and ongoing developments bolster its fundamentals, CAKE remains a strong long-term investment prospect, drawing attention from investors looking for future growth opportunities.