PancakeSwap (CAKE) reported an 11% decrease from its local high, signaling a possible additional 7% drop. Despite this, trading indicators show a resilient bullish market, with strong trading volume confirming a potential rebound.

The critical support levels to monitor are at 2.22 USD and 2.15 USD. A strong response at these levels could indicate profitability for bulls aiming for upward momentum in CAKE’s upcoming performance.