PancakeSwap’s CAKE price has experienced a significant surge, rising by over 30% to trade at $3.40. This jump is accompanied by an explosive 576% increase in trading volume. The bullish momentum has contributed to the broader crypto market cap surpassing $4.13 trillion. Despite this volatility, Bitcoin (BTC) and Ethereum (ETH), the largest assets, have seen positive price movements. Meanwhile, PancakeSwap’s value has shot up by over 30.19%. This significant jump in CAKE value has propelled it to the top trending crypto token list. Before this bullish spike, CAKE was trading at around the bottom range of $2.61. The recent rally triggered a break-out from crucial resistance levels between $2.66 and $3.36. Further upward price action could see CAKE reclaim its previous highs.