Coinbase Global Inc. (Nasdaq: Coin) announced its intention to list Pancakeswap ($ cake) in the near future. The cryptocurrency exchange added the ERC-20 version for the cake in the roadmap for registration and stressed that its exchanges will be opened once the pre-registration conditions defined are met.
The imminent list of the cake on Coinbase follows a notable regulatory clarity of the Binance ecosystem in the United States. As Coinpedia reported, the American Sec recently abandoned the longtime file against Binance and its senior executives.
More importantly, the Pancakeswap platform has recorded significant growth in a recent past, which continues to dominate the BSC DEX volume. In May, Pancakeswap posted a negotiated net volume of approximately $ 165.3 billion on the total DEX volume on the BNB ecosystem of approximately 178.2 billion dollars.
Pancakeswap Signals Breakout Haussier
After the list of cakes on Coinbase, Altcoin won around 1% to negotiate at around $ 2.44 on Wednesday, June 4, at the end of the North American negotiation session. Consequently, the Altcoin with a medium capital, with an entirely diluted assessment of approximately $ 903 million and an average negotiation volume of around $ 131 million, reported an imminent escape from a consolidation of several weeks.
Within four hours, the price of the cake has been consolidated in an ascending triangle since the end of February 2025. Significant resistance has been recorded above $ 2.87 after rejection of the cake price more than four times in the last three months.
With the four -hour MacD line preparing to cross the zero line, the price of the cake is well positioned to cross the level of resistance around $ 2.9 and reach a short -term lens of about $ 4.3. However, if the price of the cake systematically closes below the upward trend of the established increase, a potential drop below $ 2 will be inevitable.
