PancakeSwap Infinity DEX has just launched on Base, bringing its advanced DeFi features to the Ethereum L2 as PancakeSwap’s CAKE token price tests key resistance, eyeing $4.
PancakeSwap Infinity Debuts on Base as Network Activity Soars
PancakeSwap’s advanced decentralized exchange, PancakeSwap Infinity, has officially launched on Base, introducing its powerful features — including customizable Hooks for dynamic fee structures, dual liquidity pool options, and major gas-saving enhancements — to one of the fastest-growing Ethereum Layer 2 networks. This expansion supports PancakeSwap’s broader mission to provide scalable, low-cost DeFi solutions across multiple blockchains.
The Base launch follows Infinity’s initial rollout on BNB Chain in late April and comes at a time of surging activity on the Base network, which has recently reached all-time highs in both total value locked and DEX trading volume.
It also follows the launch of PancakeSwap’s one-click cross-chain swaps via the Across Protocol, which already supports asset transfers between BNB Chain, Arbitrum, and Base.
CAKE technical analysis
CAKE recently tested a key horizontal resistance zone between $2.80 and $3.00 — a critical level that has acted as a major barrier since early January. This repeated testing, paired with a pattern of higher lows, has formed a well-defined ascending triangle — a bullish continuation pattern that reflects growing buying pressure at increasingly higher price points.
Despite a pullback from the recent local high of $3.00 to around $2.65 at the time of writing, CAKE’s technical setup remains strong. The price continues to hold above both the 20-day EMA and the ascending trendline that forms the triangle’s support. Notably, trading volume surged during the recent breakout attempt, indicating heightened market interest. This, combined with the consistent formation of higher lows converging toward resistance, suggests intensifying bullish momentum that could soon trigger a breakout.
A confirmed daily close above $3.00 would validate the ascending triangle breakout and potentially open the door to a rally toward the $4.00 region — a target projected from the triangle’s measured move.
On the downside, immediate support lies near $2.30, with the $2.00 level — the triangle’s base — serving as a key psychological and structural support. A decisive break below these levels could negate the bullish pattern and expose CAKE to further downside, potentially toward $1.75 or lower.
