Coinbase Lists CAKE Token, Boosting Accessibility and Signaling Bullish Momentum

Coinbase is set to list PancakeSwap’s ERC-20 $CAKE token, expanding accessibility for Ethereum users. This move comes amidst a positive regulatory environment for decentralized finance (DeFi) assets on the Binance Smart Chain (BSC), as the SEC dropped its lawsuit against Binance, paving the way for wider adoption of tokens like CAKE. Technical indicators suggest bullish potential, with MACD crossover and RSI near 65 signaling a possible $3.00 resistance test.