Just as we thought BNX is the only pumping of encryption today, Cake joined the offer with a 45 % pump. Pancakeswap icon is now trading over $ 2.60 for the first time since mid -February.
Binance Smart Chain leads Dex trade today
The Binance Smart (BSC) series is the most important Blockchain today. On March 17, 2025, the Bachelor’s degree recorded $ 1.712 billion in trading volume, which provides it before all competitors. Solana follows 1.102 billion dollars, while ETHEREUM ranks third with $ 1.022 billion.
Other chains are also active, but with less sizes. The introduction was treated 348.92 million dollars, a base that dealt with 248.06 million dollars, and Canto reached 210.12 million dollars.
Complementing: Dex in the Binance Smart series has risen to $ 1.637 billion in the past 24 hours, bypassing Solana. BSC kept the first place for three consecutive days. pic.twitter.com/5hgbfoor7
Coinbureau office March 17, 2025
The impressive thing is that BSC was the upper chain of the Dex size for three consecutive days. This indicates the growing power of BSC in the Defi Market.
Pancakewap is the largest Bachelor’s degree at the moment. The Stock Exchange was processed 1.639 billion dollars in trading Today’s size, which makes it the largest exchange of the Binance Smart series.
This huge commercial activity helped pay the CAKE price by 45 %. Since more people use pancakes for trade, more people buy cake codes, pushing the price up.
Should you buy a cake now?
Looking at the daily cake graphSeveral indicators indicate caution:
RSI in 92. This is very high – anything above 70 means usually means that the coin is stopping it. At 92, you are likely to climb very quickly and you may need to calm down soon.
The final oscillator reads 80.167. This indicator examines the movement of price through multiple time frames. Readings that exceed 70 means that the price has increased very quickly. In more than 80, the cake looks excessive.
CCI in 195.9052. When this number exceeds 100, this means that it is often purchased from the amended currency. In nearly 200, Cake moved much higher than its average direction.
Based on these numbers, the cake in the area of a fan appears on all fronts. While the increasing trading on BSC and Pancakeswap is beneficial for the long -term cakes, short -term expectations suggest waiting.
#cake 33 % has risen since the last update. Screaming to merchants who have benefited from this opportunity! #cz It also stands out and states that X is that the highest folder #Dex On BSC (Pancakeswap), it still has a lot of growth potential!$ Cake #Cakeusdt #BNB https://t.co/letqawpkbi pic.twitter.com/z2faubomsy
– Cryptobull_360 (@Cryptobull_360) March 17, 2025
It may be better to wait for low prices before buying. The cake is likely to decline before climbing up again. Patience can make you the best purchase price in the coming days. Of course, note that in the event of continued purchase pressure, “Cake” may touched $ 3 before facing the correction.
Also read: Sources: Case XRP versus SEC “very close to the end” while Ripple is preparing for a reduced fine
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