DeFi · rank #87

PancakeSwap CAKE

CAKE cycle analysis · chart, confirmed lows and fundamentals

$2.24+0.7% 1d-0.1% 7d-12.1% 30d

Amber List Recovering held Falling Phoenix · monthly · score 32.8 mixed

25.2% below its 365-day high of $2.99 (2026-09-27), +98.1% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
1.162.254.372025-092026-032026-10peak 4.61low 1.13 (76%)monthly trigger 1.49
Where it stands

On the Amber List.

Held on the Amber List: it last met the Amber List rules on 2026-10-19. Today it reads Watch; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +98.1% above the Jun 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 1

Last bars
2Dr 2Ug 2Ug 2Ug 1r
Confirmed low
$1.13 · 2026-06-30
Position
4 of median 4 (max 4)
Current low
$1.13 · confirmed
Cycle-low confidence
—
Confirmed lows
2

Weekly 1

Last bars
2Ug 2Dr 2Dr 1r 1g
Confirmed low
$1.35 · 2026-08-02
Position
12 of median 4.5 (max 14)
Current low
$2.08 · unconfirmed
Confirms above
$2.55
Cycle-low confidence
67% · in band
Confirmed lows
11

Daily 1

Last bars
2Ug 2Dr 2Ug 3g 1g
Confirmed low
$2.11 · 2026-10-18 (daily)
Position
3 of median 4 (max 13)
Current low
$2.11 · confirmed
Cycle-low confidence
21%
Confirmed lows
96
The full read, in sentences
  • Monthly: forming bar is a red inside bar. Last confirmed swing low 1.13 (Jun 2026), month 4 of a cycle that has typically run 4.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 1.35 (Aug 2026), week 12 of a cycle that has typically run 4.5. Current low 2.08 is unconfirmed — it confirms above 2.55. Cycle-low confidence 67%.
  • Daily: bar is a green inside bar. Last confirmed swing low 2.11 (2026-10-18), day 3 of a cycle that has typically run 4. Cycle-low confidence 21%.
  • Amber List: 25% below the 2026-09-27 high; +98% off the 365-day low.
  • Phoenix: 76% decline over 8 months, monthly swing low confirmed (next-bar), now +98% above the trough; pullback #2 confirmed 2026-08-23.
  • Gauges: Mayer multiple 1.33 (neutral); -49% from the all-time high.

Has PancakeSwap bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the CAKE snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $1.13 from 2026-06-30. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $1.35 from 2026-08-02. A newer candidate at $2.08 is unconfirmed; its confirmation level is above $2.55, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $2.11 from 2026-10-18. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is PancakeSwap below its high?

The Coinbase price snapshot is 25.2% below its rolling 365-day high of $2.99 from 2026-09-27. Separately, CoinGecko reports -94.9% relative to its all-time high of $43.96 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
  2. Phoenix monthly → Watch; recovering · Phoenix monthly
  3. First observed: Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$4.61 · Oct 2025
Trough
$1.13 · Jun 2026
Decline
-75.5% over 8 months
Above trough
+98.1%
Monthly
confirmed (next-bar) · trigger $1.49
Weekly
confirmed (late (4 bars))
False bottom
none
Entry
pullback #2 low $1.35 confirmed 2026-08-23 · trigger $1.48
Score 32.8
decline22.8
confirmation25
earliness0
stale-15
false bottom0
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health69 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
6.23 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.04 x14.7 / 15
Size (market-cap rank)
survivorship
87 #6 / 15
Age on Coinbase
survived a cycle
1.4 yrs2.5 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$829.7M
Fully diluted
$858.9M
24h volume
$51.7M
Circulating
330,681,838 of 400,000,000 max
All-time high
$43.96 · 2021-04-30 (-94.9%)
Mayer multiple
1.332 · neutral
Pi cycle
0.542
On Coinbase since
2025-06-12 (497 bars)
CoinGecko id
pancakeswap-token

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources