PancakeSwap Price Prediction: CAKE Soars Following $45 Million Reload Airdrop Announcement!

Jakarta, Pintu News – According to Coinpedia, despite experiencing a sharp market decline that saw the price of CAKE plummet more than 50% to $1.54, the PancakeSwap (CAKE) token price has made an aggressive recovery.

Buyers quickly jumped in and pushed the token price back up to over $3.30. Currently, CAKE is trading around $3.40 with a market capitalization of $1.17 billion. This quick recovery demonstrates the fundamental strength of the CAKE crypto as well as the strong faith of its community.

Earlier this month, PancakeSwap reached a significant milestone by recording a trading volume of over $2.5 trillion on the BNB Chain network, signaling high user interest and strong ecosystem activity.

Now, PancakeSwap is back in the conversation after the latest announcement from BNB Chain today.

BNB Chain Launches $45 Million Reload Airdrop: How Will It Impact the CAKE Price?

A big catalyst came recently with Binance’s $45 million “Reload Airdrop” initiative on the BNB Chain network, which received support from PancakeSwap and has attracted a lot of attention today.

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According to the announcement, more than 160,000 wallet addresses will benefit if they have traded meme coins over the past week, in the form of BNB token rewards that will be randomly distributed starting this week until early November.

This move aims to revive the interest of investors who remain active in the market despite the uncertain conditions.

In this airdrop program, PancakeSwap is one of the main backers along with several other projects. This is good news for the CAKE price, as it will increase the visibility of the protocol.

Given the scale and support of this airdrop, it is not unlikely that it will provide a significant injection of liquidity as well as a positive sentiment boost to the price of CAKE in US dollars.

Technical Review: CAKE Shows Breakout Potential

From a technical point of view, CAKE’s current price structure looks quite constructive. The long-term uptrend line formed since February is still holding, despite the sharp drop – indicating that the correction is more of an absorption rather than a trend reversal.

Interestingly, the price of CAKE today managed to break back through the upper resistance level at $3.30, potentially confirming the ascending triangle pattern.

If the bullish momentum continues, CAKE has a chance to retest the $4.63 level before the end of October. If this level is broken, higher targets could be in focus for the market in the last quarter of the year.

However, consistent price strength above the breakout level is essential to validate this move as well as remove any lingering doubts from the previous decline.

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What to Watch: Momentum vs. Macro Pressure

While fundamentals and ecosystem activity play a big role, the direction in which CAKE moves going forward depends largely on overall market sentiment.

The latest airdrop and support from Binance are positive catalysts, but macro volatility and risk-off market conditions could still be a drag.

If buying pressure reappears and technical levels remain intact, CAKE’s price projection has the potential to experience a sharp surge. Conversely, if it fails to stay above the breakout zone, CAKE prices could return to a sideways movement pattern(range-bound) or even retest lower support levels.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. PancakeSwap (CAKE) Price Rallies as $45M Reload Airdrop was Announced by BNB Chain. Accessed on October 15, 2025