Here is a technical analysis for the currency $CAKE (PancakeSwap token) dated July 22, 2025:

🔍 Overview

Current price: $2.69

Highest price of the day: $2.78

Lowest price of the day: $2.62

24-hour trading volume: approximately $169 million

Market capitalization: approximately $950 million

Maximum supply: 450 million CAKE

Current circulating supply: 340 million CAKE

📈 Technical Analysis

Technical indicators suggest a moderate bullish trend in the short to medium term:

Moving averages: Show neutral signals, indicating a balance between buyers and sellers.

Relative Strength Index (RSI): Shows neutral levels, meaning the currency is not in overbought or oversold territory.

Price pattern: Charts show an ascending triangle pattern, indicating the possibility of a bullish breakout soon.

🎯 Support and Resistance Levels

Strong support: approximately $2.55

Key resistance: approximately $2.80

📊 Future Outlook

Forecasts indicate a likelihood of continued bullish trend in the medium term:

2025: between $2.20 and $2.85

2026: between $2.42 and $3.13

2027: between $2.66 and $3.45

2028: between $2.92 and $3.79

⚠️ Important Notes

Market volatility: Data shows that the currency has experienced significant volatility in the past, warranting caution.

Influencing factors: Future updates for PancakeSwap are expected to significantly impact the currency's price.