Google Cloud partnership ends PancakeSwap (CAKE) bear market

The price PancakeSwap (CAKE), has surged in the last 24 hours following a partnership between PancakeSwap and Alphabet Inc's (NASDAQ: GOOGL) Google Cloud. The partnership is aimed at ensuring the availability and reliability of the infrastructure of the decentralized exchange platform.

Timeline of Pancakeswap

PancakeSwap (CAKE) partners with Google Cloud to achieve high availability and faster operations. Since then, CAKE has hit the fourth spot on top gainers today with a 3.8% price increase in the last 24 hours.

PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries.

NEAR Protocol (NEAR), ApeCoin (APE), and PancakeSwap (CAKE) have emerged as the leading gainers among mainstream crypto assets, defying the prevailing market downtrend that has affected tokens like bitcoin (BTC) and ether (ETH).

Cake DeFi, a prominent player in Southeast Asia's digital asset space, proudly marks its fourth anniversary with impressive achievements and robust growth. While many crypto companies faced challenges, Cake DeFi defied the odds and flourished, experiencing significant success and expanding its product offerings.

PancakeSwap price analysis shows a continuation of struggles for the token, as price took another turn downwards over the past 24 hours. CAKE price fell down to $1.39 today, incurring more than 1 percent in decline.

PancakeSwap price analysis shows a meagre uptrend taking place, as price slowly begins to trend upwards. CAKE price reached up to the $1.43 mark over the past 24 hours, in pursuit of the $1.5 resistance.

PancakeSwap price analysis continues to show a bearish trend in place, as price struggles to beat the previous support zone at $1.5, which is now the resistance. CAKE has been trading horizontally for most of this week, with price dropping another 3.5 percent over the past 24 hours to move as low as $1.342.

PancakeSwap price analysis continues to show a declining trend in place for the token, as price dipped further below its previous support zone at $1.5 over the past 24 hours. CAKE dropped as low as $1.31 today, recording a further 6 percent decrement from yesterday's price.

PancakeSwap price analysis shows an extension of the current bearish run in place, as the token dropped 9 percent over the past 24 hours to drop below its earlier support at $1.5. CAKE has been in a downward trend since April 24 when price was at $3.3, and has since declined more than 45 percent.

Binance came under intense pressure after the Securities and Exchange Commission (SEC) filed a lawsuit against the company and its Chief Executive. The lawsuit will likely have no major impact on Binance since it has no major presence in the United States.