CAKE, the native token of popular crypto DEX (Decentralized Exchange), PancakeSwap recorded a 33% price surge over the past 24 hours. According to data from Coinmarketcap, this placed CAKE as the best-performing cryptocurrency over the past day. This extended CAKE’s remarkable 75% pump within a week, rising from $2.15 to $3.80. The daily chart for CAKE showed a unique opportunity for short- and long-term traders. CAKE’s price momentum slowed after touching $3.80 with its intraday price action consolidating around the $3.4-$3.5 price zone. Overall, CAKE’s price outlook remained optimistic in the short to medium term.
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