PancakeSwap Price Forecast: CAKE extends recovery as derivatives data turn bullish

PanckeSwap (CAKE) price extends recovery trading above $1. 95 at the time of writing on Thursday, after finding support around a key level the previous day. Derivatives metrics back recovery with CAKE’s funding rates turning positive alongside rising long bets. source: https://www.fxstreet.com/cryptocurrencies/news/pancakeswap-price-forecast-cake-extends-recovery-as-derivatives-data-turn-bullish-202601220633