crypto.news
PancakeSwap Infinity DEX has just launched on Base, bringing its advanced DeFi features to the Ethereum L2 as PancakeSwap’s $CAKE token price tests key resistance, eyeing $4.
- PancakeSwap Infinity launched on Base chain, bringing its advanced features and gas optimizations to the Layer 2 network.
- Rollout on Base follows Infinity’s recent launch on $BNB Chain and coincides with record activity on the Base network
- $CAKE price is forming a bullish ascending triangle pattern with resistance at $2.80–$3.00 and higher lows.
- A breakout above $3.00 could push $CAKE toward a $4.00 rally target
PancakeSwap Infinity launches on Base amid surging network activity
PancakeSwap’s decentralized exchange, PancakeSwap Infinity, has officially launched on Base, bringing Infinity’s powerful features — including dynamic fee structures via customizable Hooks, dual pool types, and major gas-saving optimizations — to one of the fastest-growing Ethereum Layer 2 ecosystems. The rollout also aligns with PancakeSwap’s broader goal of delivering scalable, low-cost DeFi across chains.
The rollout on Base follows closely on the heels of Infinity’s debut on $BNB Chain in late April and comes amid a surge in activity on the Base network, which recently hit record highs in both total value locked and DEX volume.
$CAKE price follow and hit new highs? - 1"> It also follows the launch of PancakeSwap’s one-click cross-chain swaps via the Across Protocol, which already supports asset transfers between $BNB Chain, Arbitrum, and Base.
$CAKE technical analysis
$CAKE price has recently tested the key horizontal resistance in the $2.80–$3.00 range. This level has acted as a significant barrier, having been tested multiple times since early January. This was accompanied by a series of higher lows, forming a well-defined ascending triangle — a bullish continuation pattern that suggests increasing buying pressure at progressively higher levels.
Although the price has pulled back from the local peak of $3.00 to $2.65 at the time of writing, $CAKE remains technically strong — holding above both the 20-day EMA and the ascending trendline that defines the pattern’s support. Notably, volume also spiked during the recent breakout attempt, signaling growing market interest. This, combined with $CAKE’s consistent pattern of higher lows converging toward the key resistance zone, points to mounting bullish pressure that soon culminate in a breakout.
A confirmed close above the $3.00 level would validate the ascending triangle breakout, setting the stage for a potential rally toward the $4.00 region, a target derived from the measured move of the triangle’s height.
On the downside, the immediate support lies around $2.30, followed by the psychological $2.00 level, which forms the triangle’s base. A breakdown below these levels could invalidate the bullish setup and expose $CAKE price to further downside risk toward $1.75 or lower.
