{"id":5915,"date":"2026-01-22T15:23:49","date_gmt":"2026-01-22T15:23:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5915"},"modified":"2026-01-22T15:23:49","modified_gmt":"2026-01-22T15:23:49","slug":"cake-surges-4-as-derivatives-data-turn-bullish","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5915","title":{"rendered":"CAKE surges 4% as derivatives data turn bullish"},"content":{"rendered":"

<\/p>\n

\n
\n
\n\"Pancakeswap\"\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • CAKE is up 4.5%, approaching the $2 psychological level.<\/span><\/li>\n
  • The derivatives data back the recovery as funding rates turn positive.<\/span><\/li>\n<\/ul>\n

    CAKE\u2019S derivatives data support bullish movement<\/h2>\n

    CAKE, the native coin of the Pancakeswap exchange, has added 4.5% to its value in the last 24 hours and is now approaching $2.0.<\/span><\/p>\n

    The rally comes as Coinglass\u2019s OI-Weighted Funding Rate data shows that the number of traders betting that the price of CAKE will slide further is lower than that anticipating a price increase.\u00a0<\/span><\/p>\n

    The positive funding rate means that more traders are bullish on CAKE than bearish. The metric flipped positive on Wednesday and currently reads 0.0046%, indicating that longs are paying shorts.<\/span><\/p>\n

    In addition to that, Coinglass\u2019s long-to-short ratio for CAKE reads 1.11 on Thursday, nearing the highest level over a month. The ratio moving above one indicates that more traders are betting on CAKE to rally higher.\u00a0<\/span><\/p>\n

    The bullish scenario comes after Pancakeswap announced earlier this week that the community had approved CAKE\u2019s max supply reduction proposal.\u00a0<\/span><\/p>\n

    The max supply has been reduced from 450 million to 400 million, and burns consistently outweigh emissions.\u00a0<\/span><\/p>\n

    CAKE could rally towards $2.1<\/h2>\n

    The CAKE\/USDT 4-hour chart is bearish and efficient despite CAKE adding 4.5% to its value in the last 24 hours.\u00a0<\/span><\/p>\n

    CAKE\u2019s price was rejected at the weekly resistance level of $2.13 on Saturday and declined by 10% earlier this week. However, it rebounded on Wednesday and is now approaching the $2.0 maerk once again.\u00a0<\/span><\/p>\n

    \"CAKE\/USD<\/p>\n

    If CAKE continues its price recovery, it could rally towards the 50-day Exponential Moving Average (EMA) at $2.06.<\/span><\/p>\n

    The Relative Strength Index (RSI) on the 4-hour chart is 46, pointing upward toward the neutral 50 level, indicating fading bearish momentum. For the rally to be sustained, the RSI must move above the neutral level.\u00a0<\/span><\/p>\n

    On the flip side, if CAKE\u2019s daily candle closes below the $1.88 support level, it could extend the correction toward the support zone around $1.79.<\/span><\/p>\n

    \n
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    Share this article<\/h6>\n
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    Analysis,CAKE,pancakeswap#CAKE #surges #derivatives #data #turn #bullish1769095429<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways CAKE is up 4.5%, approaching the $2 psychological level. The derivatives data back the recovery as funding rates turn positive. CAKE\u2019S derivatives data support bullish movement CAKE, the native coin of the Pancakeswap exchange, has added 4.5% to its value in the last 24 hours and is now approaching $2.0. The rally comes<\/p>\n","protected":false},"author":1,"featured_media":5916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-5915","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nCAKE surges 4% as derivatives data turn bullish - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"CAKE is up 4.5% in the last 24 hours and could extend its gains towards $2.0 as derivatives data turn bullish.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5915\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAKE surges 4% as derivatives data turn bullish\" \/>\n<meta property=\"og:description\" content=\"CAKE is up 4.5% in the last 24 hours and could extend its gains towards $2.0 as derivatives data turn bullish.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5915\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-22T15:23:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/shutterstock_2247743295.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5915\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5915\",\"name\":\"CAKE surges 4% as derivatives data turn bullish - 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