Will PancakeSwap maintain strength and hit the $5.10 mark?

[MadWhale]

Fundamental analysis:
BNB Chain’s DeFi scene is heating up PancakeSwap leads the way with massive daily volume, and rising activity could keep boosting CAKE’s use and demand. Both CAKE and BNB seem to be growing together.

Technical analysis:

CAKEUSDT
is currently holding two key monthly support zones, supported by strong trading volume and its close correlation with BNB. As long as these levels stay intact, price action may target around $5.10, indicating potential for a further 20% upside.

[Couturier]

CAKE’s showing real strength here Strong confluence between technicals and fundamentals — if BNB keeps pushing, that $5.1 target looks well within reach