CAKE experienced a remarkable 46% increase over the past week, indicating a shift away from the early 2025 downtrend. Even as Bitcoin’s value decreased by 1.48%, CAKE showed resilience in the market.

On February 13, PancakeSwap’s transaction volume surged to 6.34 billion USD. The rise in trading activity reflects heightened interest from investors and traders, underscoring a positive reception for CAKE.

Fibonacci retracement levels suggest that CAKE’s previous downtrend has been largely recovered, with upcoming price targets at 3.35 USD and 4.05 USD. Notably, price support is strong between 2.16 USD and 2.47 USD.