PancakeSwap Soars 24%, Bulls Eye $4.50-$4.80 – Will Momentum Hold?

CAKE token witnessed a dramatic surge of 24% in a single day, reaching its highest price point of $3.30 as trading activity on PancakeSwap exploded, with daily volume skyrocketing to an impressive $672 million. This sudden rally has reignited bullish discussions within the crypto community. CAKE now sits at the edge of crucial resistance near the $3.85-$3.40 price range. Technical analysts suggest this area will be a critical battleground for bulls, with the 78.6% Fibonacci level at $3.85 and the 50% Fibonacci level at $2.86 serving as vital short-term support. The question remains: Will CAKE sustain its breakout or face a pullback?