PancakeSwap’s (CAKE) price has caught the attention of crypto analysts, with its recent movement setting up a potential breakout point. Currently around $2.34, analyst Crypto Patel believes this chart structure could signal a significant upward move. While caution is warranted as the market dips before a full surge, Patel anticipates CAKE to test the lower range before rallying toward greater heights. He’s specifically observing the area near $2.233, where he expects price to sweep liquidity and subsequently bounce from the Fair Value Gap below. This could trigger a shift in trend towards bullish momentum. 4H chart analysis further supports this view: CAKE bounced from its deeper liquidity zone around $2.055 and reclaimed short-term sell-side levels. A slight dip wouldn’t be surprising before further movement, but several liquidity pockets above the current range offer potential for price to surge once momentum gains traction. 2.79 is a significant target if CAKE responds positively at the $2.23 region.