PancakeSwap (CAKE) is attempting a range breakout, but the $2.91–$2.95 zone is pivotal; failure to flip it to support could pull CAKE back toward the $2.88 liquidity cluster within days.
CAKE has traded in a defined range since January: $1.37–$2.94.
Recent technicals show increased demand on the daily but selling pressure on the 4‑hour timeframe.
Liquidation heatmap and Fixed Range Volume Profile point to $2.88–$2.92 as critical levels with concentrated liquidity.
PancakeSwap (CAKE) breakout watch: CAKE needs to hold $2.91–$2.95 to confirm an uptrend — monitor liquidity at $2.88. Read analysis and trade considerations.
Is PancakeSwap (CAKE) trading within a range?
PancakeSwap (CAKE) has been trading inside a clear range since January,** with a high near $2.94 and a low near $1.37. Price action shows repeated attempts to break higher, but previous breakouts (late July) proved short-lived and reversed to test the lower bound.
Could the current CAKE breakout fail again?
Yes. On the daily timeframe, momentum indicators (CMF: +0.18; A/D slight uptick; Awesome Oscillator bullish crossover) show buying interest. However, the 4‑hour picture is weaker: CMF dipped to -0.06 and the A/D fell, signaling short-term selling pressure. If BTC and large-cap alts turn bearish, CAKE is vulnerable to a reversion toward the $2.88 liquidity cluster.
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The CAKE range breakout – will it be successful?
CAKE rallied strongly on September 20 with a 13.34% gain, but follow-through was weak: by the time of writing CAKE pulled back ~2.8% from $3.068 to $2.982. The daily indicators suggest renewed demand, yet historical context matters: breakouts from this range previously failed in late July and produced a drop to ~$2.40.
The $2.91–$2.95 zone functions as a make-or-break area. If this zone becomes support, buyers can build momentum toward new highs. If it rejects price, CAKE will likely re-enter the range and test the $2.88 liquidity cluster.
What do intraday indicators show?
On the 4‑hour chart, the Fixed Range Volume Profile marks $2.92 as the Value Area High, a key S/R level. While the daily CMF and A/D indicated inflows, the 4‑hour CMF at -0.06 and a dip in A/D reveal heavier short-term selling. Traders should treat intraday oscillators and volume profile as confirmation tools before assuming breakout strength.
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Coinglass liquidation data highlights $2.88 as a magnetic price zone with concentrated long and short liquidations. Liquidity clusters attract stop orders and can amplify moves: a breach below $2.88 could cascade stops and push CAKE deeper into the range; conversely, a sustained hold above $2.92 raises the odds of a trend extension.
Market direction over the coming days will hinge on overall crypto sentiment and demand for DEX tokens. Monitor BTC and major altcoin flows as directional catalysts for CAKE.
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Source: https://en.coinotag.com/cake-may-revisit-2-88-if-pancakeswap-breakout-fails-to-hold/