Here’s why Pancake Cake Total is over 20% today

The corta formed God candle 18. Marta jumped 23% to hit Intraday $ 2.63, while she pushed her weekly gains close to 70%.

Allcoin’s daily trading volume was tripled at about 1.12 billion dollars, while his market hat neared $ 760 million.

The gathering coincided with a strong interest from derivative retailers. COIGULAMA Data show that the open interest sent 73% over the past day to 96 million dollars, more than $ 30 million in the beginning of 2025. Years.

Pancakeswap’s (CAKe) They will get today in the middle of the Hyper Investor because Pancakewap became the most active decentralized exchange of daily trading daily Two straight days.

Data From the defilay shows that Palacinsapap hit nearly 1.64 billion dollars in a 24-hour trading range, 18. March, surpasses Unisvap and Raidium, which viewed 1.021 billion dollars and $ 334.98 million, respectively.

Palakesvap now transmits over 30% of a decentralized exchange rate on that period.

The impressive performance of PancakesVAP is launching several key factors. One big reason is the decision of the stage to lead a mooring (USDTT) and eight other staffers for users in the European Economic Area (EEA) set by 31. March due to compliance with EU regulations of MICA.

It seems that many Bynance users have moved their USD in Palakesvap, which led to alignment of trading volume. Dex has processed over $ 352.4 million in USDTN in 24 hours, making about 31% of the total amount.

Another amplifier came from Binancen Founders of Changpeng Zhao, which is interested in Memecoins after a get on She inspired the creation of the BNB in ​​Chari. The token has increased over 270% since the last week.

According to Palakesvap v3 dataAfter Zhao mentioned Mubarak, he became the third most wanted property on the platform, stunning only USDTT and wrapped BNB (VBNB).

Meanwhile, another key factor behind the cake today is a recent binac $ 2 billion investment In the Technical Firm Abu Dhabi MGKS, which has increased confidence in the binance related projects such as a pancake, which operates on a BNB chain that supports binance.

In addition, the pancake is recently been burned over 9.3 million cakeIt is worth about $ 23 million. Usually token ignition is permanently removed these circulation tokens, reducing the overall offer, which can help increase the scarcity and potentially increase the value of related tokens over time.

The metrics on the chain point to the powerful mucosa. Stored dataThe social sensitive surrounding cake overturned positively, in addition to spikes in everyday active addresses in the last 48 hours.

Furthermore, the number of large carriers was seen accumulating the cake, probably due to trust in his future potential. Such accumulation trends often draw in retail investors, which join the hope to hope to quickly profit, increasing demand for Altcoin.

Cake price analysis

Technical indicators also signal a permanent bakery trend over the coming days.

At the One-Day Center for Cenovo, the cake has violated above trends of resilience on decisions, which formed from 13. February, marked with lower high and lower peaks.

The 50-day exponential average lines show the signs of the golden cross, because the 50-day EMA looks ready to cross over 200-day EME, development indicating more generations forward.

Meanwhile, MACD lines range upwards, and the SuperTrenda indicator turned green, both signs of strong care.

As such, the cake is Eye resilience to $ 2.65, the switch could lead to a level of $ 2.95, the highest point in February this year.

But if the postcreendend loses the pair, the cake could be withdrawn to $ 2.33, although the pancake even though the upper dex is left on the BNB chain.

Meanwhile, some analysts record It is for continued Bullish to continue, the cake must be kept above the $ 2.40 support support range. If this is maintained by this level, it expects cake to get swing and point the next resistance to $ 2.90.