PancakeSwap (CAKE) Daily Market Analysis 24 February 2026

PancakeSwap (CAKE) consolidates with deflationary momentum – here's the latest: • Price consolidates near $1.20–$1.30, with next key resistance at $2.80–$3.20 (February 2026) • Maximum token supply permanently reduced from 450M to 400M following community vote (19 January 2026) • CAKEUSDT perpetual contract launches on KuCoin Futures, increasing accessibility (11 February 2026) • Protocol maintains deflationary trend with 29 consecutive months of net supply reduction • Bullish 2026 outlook targets $12–$15 zone if DeFi participation improves