$CAKE PancakeSwap (CAKE) is currently navigating a pivotal structural shift following the community's unanimous approval on January 20, 2026, to slash the maximum token supply from 450M to 400M. This 50 million token reduction, combined with the earlier "Tokenomics 3.0" emission cuts, has solidified CAKE’s transition into a deflationary powerhouse, with a net burn of over 8% recorded in the previous year. While the price is currently consolidating around the $1.92 level after a brief mid-month dip, derivatives data shows a rising long-to-short ratio (1.11), signaling that professional traders are positioning for a recovery. Technically, CAKE is holding firm above the critical $1.88 support zone; a successful reclaim of the $2.05 resistance (50-day EMA) would likely trigger a bullish leg toward $2.50, supported by increased trading volumes from its recent expansion to the Solana and Base networks.
CAKE
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