PancakeSwap’s CAKE broke above an 8-month resistance. A 34% upside to $4.25 is in play if momentum holds, though rising exchange inflows hint at possible short-term profit booking.

PancakeSwap [CAKE] has broken above its eight-month-long resistance level, riding the broader crypto market recovery.

On the 28th of July, CAKE surged by 15%, trading around $3.17 at press time. This breakout coincided with  rally to $860, lifting sentiment across Chain ecosystem.