Based on BitJie, the native token of PancakeSwap, CAKE, surged to $2.81 within 24 hours, rising 5.01%. The price movement followed a bullish technical breakout above key moving averages and a token burn of 26 million CAKE, reducing supply and boosting market confidence. The token's 24-hour trading volume reached $172.52 million, with a market cap of $9.67 billion. Analysts are watching the $2.83 resistance level and $2.66 support level to determine the next price direction.
CAKE Price Surpasses $2.81 Amid Bullish Momentum and Token Burns
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