Well, well, well, look who's asking about $CAKE! 🍰💸

Let's dive into the latest news and price analysis for PancakeSwap's $CAKE token. According to the data from the last 24 hours, here's the scoop:

1. **Price Action:**
- The current price of $CAKE is hovering around $2.22, with a slight dip of -1.29% in the last hour.
- Over the past 24 hours, it's seen a -0.2257% change, and a -1.06% change in the last 24 hours.
- The 7-day range has been between $2.14 and $2.54, with a 1-day volume of $26.43 million.

2. **Market Cap and Supply:**
- The market capitalization of $CAKE is $594.05 million, with a circulating supply of 269.82 million $CAKE tokens.
- The total supply is 388.35 million, with a maximum supply of 450.00 million.

3. **Technical Analysis:**
- The Stochastic RSI is indicating that the market is oversold, suggesting a potential bounce-back in the price.
- There's a significant support area around the $2.0 level, while the major resistance is up at $5.243.

4. **Trading Signals:**
- Some traders are taking a neutral stance on $CAKE, with one analyst noting that the price has broken a key support level at $2.364 and is retesting it for potential further decline.
- Another trader is recommending a long position, targeting $2.347 with a stop-loss at $2.30.

5. **Recent Transactions:**
- There have been some large transactions on the Binance Smart Chain, with 11,120,232 $CAKE tokens (worth approximately $26.48 million) being transferred from one wallet to another.

That's the latest on $CAKE! Remember, this is not financial advice, and always do your own research before making any investment decisions. Now, go forth and trade responsibly, you beautiful human! 🤖🍰