$BNB PancakeSwap (CAKE) Breaks 8-Month Resistance, Surges 15% Amid BNB Rally and Market Recovery

PancakeSwap (CAKE) Breaks Key Resistance, Riding Binance Coin (BNB) Rally to Spark Fresh Bullish Momentum

PancakeSwap (CAKE), the leading decentralized exchange (DEX) on the BNB Chain, has shattered an eight-month-long resistance level, signaling renewed strength amid the broader crypto market recovery. On July 28, CAKE surged over 15%, trading near $3.17 at press time, marking a pivotal moment for the altcoin after months of consolidation.

This breakout aligns closely with the recent surge of Binance Coin (BNB), which rallied to an all-time high around $860, injecting fresh optimism across the BNB Chain ecosystem and boosting investor sentiment.

“It’s BNB Szn” — Crypto Community Energized by Binance Coin’s Rally

The resurgence of BNB has sent ripples throughout its ecosystem, as evidenced by social media activity. The official BNB Chain account posted on X (formerly Twitter), “Wake up babe… It’s BNB szn,” a clear nod to the growing bullish momentum. PancakeSwap quickly echoed this enthusiasm, highlighting the strong link between BNB’s price action and the health of projects built on its blockchain.

Source: 24crypto.news