The price of PancakeSwap cryptocurrency has seen significant buying activity and strong support from buyers, leading to a surge of 16.21% to reach the $4.7 resistance level, forming a higher high structure.

The prediction for CAKE price has turned bullish, indicating a potential recovery in the coming months. Recent sessions have shown bullish momentum, with the price exhibiting slow and steady growth since March 19, accumulating a gain of over 16%. The analysis suggests a positive forecast for CAKE price this month, with the cryptocurrency forming a higher high swing structure on the daily chart and finding support from lower levels.

Currently, PancakeSwap crypto is trading at $4.592, with an intraday gain of 3.76%, signaling bullish sentiment. It has shown a monthly return of 40% and a yearly return of 31%, with a market cap of $1.13 billion. Analysts are optimistic about CAKE price reaching higher levels in upcoming sessions.

Over the past week, PancakeSwap crypto has experienced a 16.21% increase, along with significant growth of 40.56% in a month and 27.52% in the last 3 months. The data indicates bullishness in the price, supported by an increase in trading volume and price.

However, social dominance and social volume have been decreasing in recent months, which could negatively impact the price momentum. The future momentum of PancakeSwap price may be influenced by changes in social dominance and volume dominance.

In summary, PancakeSwap price prediction remains bullish in the short term, as long as it maintains above key support levels. The technical analysis suggests a potential uptrend for CAKE price, with bullish momentum likely to continue in the coming months.