PancakeSwap (CAKE) Gains Momentum with 15% Surge
PancakeSwap (CAKE) has experienced a sharp price surge of over 15% in the last 24 hours, signaling renewed bullish interest. This sudden uptick comes after an extended period of weakness, where CAKE struggled to hold above the $2.00 support level.
Despite broader market uncertainty, CAKE’s technical indicators suggest growing strength, leaving traders wondering: Is this the start of a sustainable breakout , or is it just a temporary pump?
Analyzing the daily chart , several important signals emerge:
The Relative Strength Index (RSI) is currently at 59.78, approaching the overbought threshold of 70. While it is not yet in overbought territory, the strong upward movement suggests increasing buying pressure. This is a bullish sign because it indicates that demand for CAKE is rising. If the RSI continues to climb above 60, it could confirm further upside potential.
The Moving Average Convergence Divergence (MACD) has confirmed a bullish crossover, where the MACD line has moved above the signal line. This is a strong indicator that the downward momentum is fading and a new uptrend could be forming.
Additionally, the MACD histogram is turning positive, reinforcing bullish sentiment. If this trend continues, PancakeSwap price could see further price appreciation in the coming days.
One of the most significant signs of a real breakout is volume confirmation. The recent price spike in PancakeSwap price is backed by a notable increase in trading volume, indicating that buyers are stepping in with conviction.
If this volume sustains, CAKE could continue its ascent toward higher resistance levels. However, if the price rises without strong volume, it could indicate a weaker rally that may be prone to reversal.
The $2.00 level has been a critical support zone for CAKE, and its ability to hold above this mark is crucial for further gains. If buyers defend this level, the next immediate resistance lies at $2.50, followed by $3.00.
However, failure to maintain support at $2.00 could trigger a retracement toward $1.80, where buyers would need to step in to prevent further downside.
Given the current market structure, two possible scenarios could unfold:
If CAKE price continues to trade above $2.00 with strong volume, a breakout toward $2.50 and eventually $3.00 could materialize. Sustaining momentum above $3.00 could trigger a larger rally toward the $3.50–$4.00 range, depending on broader market conditions.
If buyers fail to maintain support at $2.00, the CAKE price could fall back to $1.80 or lower. A break below $1.80 would invalidate the current bullish structure and could signal further downside risk.
PancakeSwap (CAKE) is showing signs of strong recovery , with technical indicators aligning in favor of further upside movement.
If CAKE maintains its position above $2.00, the next targets are $2.50 and $3.00, with the potential for a bigger rally. However, if the price faces rejection at higher resistance levels, a retracement toward $1.80 or lower could come into play.
Crypto traders brace for over $428m in token unlocks this week, including SOL, WLD, and OM
The crypto market is bracing for major token unlocks over the next seven days, which could lead to more volatility ahead.
According to data from Tokenomist, the crypto space will see a little over $428 million in token unlocks between Mar. 18 and 24.
Tokenomist has indicated the upcoming token unlock schedule, which will include a mix of cliff unlocks and linear releases. Cliff unlocks will involve large, one-time token releases, while linear unlocks will gradually distribute tokens over the week.
Notably, the most significant token unlock will be Polyhedra Network (ZKJ), which is set to release 15.53 million ZKJ tokens, approximately 25.72% of its circulating supply, on Mar. 19 at 12 AM UTC.
A day earlier, Fasttoken will release 20 million FTN tokens worth $79.8 million, accounting for 4.6% of its total supply, while artificial intelligence-focused QuantixAI will see roughly $41.71 million worth of QAI tokens unlocked the same day.
Other projects include Metars Genesis, which will release 10 million MRS tokens at nearly $100 million, Mantra’s 5 million OM unlock worth $34.5 million, and Melania Meme, with 26.25 million tokens worth $17.9 million unlocked in the period.
Meanwhile, high-profile projects that would face major linear unlocks include Solana ( SOL ), Worldcoin ( WLD ), Celestia ( TIA ), Mantra ( OM ), and Dogecoin ( DOGE ) which would unload $8.58 million, $4.55 million, $3.4 million, $2.61 million and $2.38 million worth of tokens daily.
While these unlocks help control the release of new tokens into circulation, preventing massive sell-offs from early investors or project teams, the process often puts short-term pressure on prices.
As crypto.news previously re p orted , Solana (SOL) dropped 9% to its lowest level since mid-October as investors offloaded holdings ahead of the Mar. 1 unlock of 11.2 million SOL from the FTX bankruptcy estate.
At the time of writing, SOL was down 6%; TIA, WLD, and DOGE were also slipping, while OM bucked the trend with a 4.7% gain.
The upcoming token unlocks come at a time when broader market jitters are already in play. Escalating US-China trade tensions, driven by Trump’s latest tariffs, have raised fears of a global slowdown , making investors wary of risk assets like crypto .
On top of that, the Fed’s hawkish stance on interest rates amid inflation concerns is adding more uncertainty.
When writing, the total crypto market capitalization had dropped over 3% to $2.81 trillion over the past 24 hours.
ADA Price Targets $1 as Bulls Look for Breakout
Cardano (ADA) has been in a consolidation phase following a period of intense volatility. After rallying to new local highs, ADA retraced and is now trading within a critical price range, leaving traders uncertain about the next move. With market sentiment shifting and key technical indicators providing mixed signals, will ADA hold its support and aim higher , or is another leg down on the horizon? Let’s take a closer look at the price action and indicators to determine ADA’s next potential direction.
A closer look at ADA’s daily chart reveals that the asset has been trading within a defined range of $0.70 to $0.80, showing signs of consolidation. Historically, prolonged periods of sideways movement often precede large price moves, making this a crucial inflection point.
The Relative Strength Index (RSI) currently stands at 44.95, reflecting neutral to slightly bearish momentum. This suggests that while ADA is not in oversold territory, it lacks the strength to trigger a strong upward push without additional buying pressure. A move above 50 on the RSI could signal increasing bullish momentum, while a drop below 40 might indicate further downside risk.
Additionally, the Moving Average Convergence Divergence (MACD) shows that the MACD line remains slightly below the signal line, reinforcing the lack of strong bullish momentum. The histogram also indicates minimal divergence, meaning the price could continue consolidating unless a major catalyst sparks a breakout.
The $0.70 level has acted as a solid support zone , preventing further declines despite multiple retests. If bulls continue to defend this area, we could see ADA bounce back toward $0.80 or even $0.85 in the short term.
However, if selling pressure intensifies and ADA price falls below $0.70, the next major support level lies around $0.65, which previously acted as a launchpad for a price rebound. A breakdown below $0.65 would confirm a bearish continuation, potentially pushing ADA toward $0.60 or lower in the near term.
One critical factor to monitor is trading volume—a lack of significant buying interest at current levels could indicate that Cardano price will struggle to push higher without renewed demand.
For Cardano price to establish a bullish breakout, it must first clear the $0.80 resistance, which has repeatedly rejected upward moves. A decisive breakout above this level, accompanied by strong volume, could fuel a rally toward $0.90 and eventually $1.00.
The $1.00 mark remains a crucial psychological resistance, as breaking above it could reignite broader market interest and attract more buyers. If ADA price manages to reclaim this level, the next key target would be $1.20, which aligns with previous price action and Fibonacci retracement levels.
However, if ADA fails to clear resistance and remains trapped below $0.80, it could prolong its consolidation phase or even trigger another correction toward lower support zones.
Cardano’s price action remains in limbo , with support at $0.70 and resistance at $0.80 keeping price movement restricted. A bullish breakout above $0.80 with strong volume could open the doors for further upside, potentially targeting $1.00 and beyond. However, if sellers regain control and push ADA below $0.70, the next support levels at $0.65 and $0.60 could come into play.
Investors should closely monitor trading volume, RSI trends, and key resistance breakouts for confirmation of the next major move. While ADA’s long-term fundamentals remain strong, the short-term outlook hinges on whether bulls can build enough momentum to drive prices higher.
SBI VC Trade’s $328M BTC Purchase Signals Market Confidence
In a significant development in the cryptocurrency market, Japan-based digital asset exchange SBI VC Trade has purchased 4,000 Bitcoin (BTC), valued at approximately $328 million. This transaction, which was recorded on the blockchain, underscores Asia’s growing interest in Bitcoin despite recent market fluctuations.
💥BREAKING: JAPANESE EXCHANGE SBI VC TRADE BUYS 4,000 #BTC WORTH $328 MILLION! ASIA IS BUYING THE DIP!! 🇯🇵 🚀 pic.twitter.com/MweEW60Tp3
The transaction, which was detected in real-time through on-chain analysis, indicates that SBI VC Trade’s hot wallet received the substantial Bitcoin inflow. Bitcoin’s volatility serves as a backdrop for this transaction because institutional investors show a preference for buying more coins during deflationary periods.
The major Bitcoin acquisition by the exchange signals Japanese institutional investors intend to establish a permanent position in the digital asset sector. Beginning in the past few years Bitcoin received increasing interest from institutions because financial organizations like major entities and investment firms began adding digital assets to their portfolios. The Bitcoin purchase from SBI VC Trade fits into a wider trend in Asian markets where institutional investors buy Bitcoin when prices fall.
Bitcoin maintains its resilience after facing market stability issues because retail and institutional investors have rapidly increased their use of the cryptocurrency. The massive Bitcoin acquisitions serve as a clear sign of strong investor trust in its future prospects because of developing Asian regulatory systems. Today Bitcoin trades at $80,462.67 with short-term trends revealing a 3.4% price decrease.
The purchase of 4,000 BTC by SBI VC Trade indicates continual institutional trust in Bitcoin despite current market price swings. The expansion of digital asset adoption inside global financial markets makes such large-scale transactions more likely to occur. This acquisition shows that Asian institutional organizations play an important role in steering the cryptocurrency market towards its future direction.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Fundstrat’s Tom Lee maintains a positive and bullish outlook on bitcoin and the Trump administration’s handling of the economy. He acknowledged that, from a “shorter lens,” Trump’s actions “look very disruptive at the moment,” yet he believes the structural impact of these decisions is “really positive.”
Lee emphasized that despite the market’s turbulence, there are “tangible drivers of productivity” at play, such as artificial intelligence (AI) and the financial shifts driven by crypto. He reaffirmed his stance that BTC will be the top-performing asset this year. Lee stated:
Bitcoin is still our favorite idea for this year. So we think it’ll be the best performing asset class, even better than gold.
Bitcoin (BTC) has not led the markets in 2025, and on Feb. 21, it hovered just above $99,500 before beginning a downward trajectory, ultimately hitting a low of $76,600 on March 10. Gold, in contrast, climbed past the $3,000 mark on March 14 and has appreciated 13.7% against the U.S. dollar since the start of the year. Meanwhile, bitcoin has declined 9.6% against the dollar since Jan. 1, 2025. At press time, at $84,375 per coin, BTC is down 22.4% below its all-time price high.
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