$CAKE PancakeSwap (CAKE) is making waves today, with its price surging 44% to $2.59, driven by a breakout from a falling wedge pattern and reclaiming the 0.618 Fibonacci level ¹. This rally has pushed CAKE's market capitalization to over $759 million ².

Here are some key highlights:

- *Trading Volume*: CAKE's 24-hour trading volume has skyrocketed by 367% to over $819 million ³.

- *Market Position*: PancakeSwap has taken the lead spot in the decentralized exchange market, with $1.64 billion in 24-hour trading volume, surpassing Uniswap and Raydium ³.

- *Price Targets*: Analysts predict potential upside targets at $3.10, $3.58-$3.88, and $4.54, with a possible short-term pullback to retest the breakout level at $2.40 ¹.