PancakeSwap (CAKE) reclaims $1.5 after 13% weekly jump and 28% OI spike

PancakeSwap's CAKE token climbed back into its long-term trading range after rallying 13% over the last week and 8.2% in 24 hours. Open Interest in CAKE perpetual contracts rose 28%, signaling strong bullish speculation as price reclaimed the key $1.5 level with $1.6 as the next nearby resistance.