CAKE climbs to $2.54 as capital rotates into altcoins
- —CAKE at $2.54, up about 9.5% intraday from the $2.32 open
- —Daily volume of $102.3 million, 75.7% above the 30-day average
- —Returns of 53% over 30 days and 90% over 90 days, RSI at 68.3
- —On September 20 PancakeSwap launched a pre-IPO tokenized markets portal via Binance Wallet
Why it matters: CAKE's rally reflects capital rotation into high-beta DeFi tokens with bitcoin above $81,000, but RSI signals correction risk.
Source: DiarioBitcoin