PancakeSwap’s Infinity hits Base chain. Will CAKE price follow and hit new highs?

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.

Summary

• PancakeSwap Infinity launched on Base chain, bringing its advanced features and gas optimizations to the Layer 2 network.
• Rollout on Base follows Infinity’s recent launch on BNB Chain and coincides with record activity on the Base network
• CAKE price is forming a bullish ascending triangle pattern with resistance at $2.80–$3.00 and higher lows.
• A breakout above $3.00 could push CAKE toward a $4.00 rally target

PancakeSwap Infinity launches on Base amid surging network activity

PancakeSwap’s decentralized exchange, PancakeSwap Infinity, has officially launched on Base, bringing Infinity’s powerful features — including dynamic fee structures via customizable Hooks, dual pool types, and major gas-saving optimizations — to one of the fastest-growing Ethereum Layer 2 ecosystems. The rollout also aligns with PancakeSwap’s broader goal of delivering scalable, low-cost DeFi across chains.

The rollout on Base follows closely on the heels of Infinity’s debut on BNB Chain in late April and comes amid a surge in activity on the Base network, which recently hit record highs in both total value locked and DEX volume.

Source: Base TVL | DeFiLlamaIt 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 price has recently tested the key horizontal resistance in the $2.80–$3.00 range. This level has acted as a significant barrier, having been tested multiple times since early January. This was accompanied by a series of higher lows, forming a well-defined ascending triangle — a bullish continuation pattern that suggests increasing buying pressure at progressively higher levels.

Although the price has pulled back from the local peak of $3.00 to $2.65 at the time of writing, CAKE remains technically strong — holding above both the 20-day EMA and the ascending trendline that defines the pattern’s support. Notably, volume also spiked during the recent breakout attempt, signaling growing market interest. This, combined with CAKE’s consistent pattern of higher lows converging toward the key resistance zone, points to mounting bullish pressure that soon culminate in a breakout.

A confirmed close above the $3.00 level would validate the ascending triangle breakout, setting the stage for a potential rally toward the $4.00 region, a target derived from the measured move of the triangle’s height.

On the downside, the immediate support lies around $2.30, followed by the psychological $2.00 level, which forms the triangle’s base. A breakdown below these levels could invalidate the bullish setup and expose CAKE price to further downside risk toward $1.75 or lower.

Source: TradingView