BNB coins are making waves in the crypto market, and everyone's watching! PancakeSwap (CAKE), Mantra (OM), and Space ID (ID) are leading the charge, showing some serious bullish momentum this past week. CAKE really took off, jumping 55% as BNB's market cap bounced back, overtaking Solana. Seems like the BNB ecosystem is buzzing again!
Mantra (OM) is on fire, setting new all-time highs and leading the Real World Assets (RWA) sector. The whole RWA sector is booming, up 144% in the last month alone, and OM is right at the front. Meanwhile, Space ID (ID) is trying to make a comeback after a bit of a slump. Keep an eye on ID – there are signs of a potential golden cross forming, which could mean it's about to pump! This could really boost the whole BNB coin trend.
PancakeSwap (CAKE)
CAKE has absolutely exploded, surging 55% in just seven days! This massive jump happened right as BNB's market cap climbed past Solana. A lot of this excitement seems to be thanks to Binance founder CZ, who's been actively promoting the BNB chain and its move towards AI.
This renewed buzz around BNB is creating serious demand for BNB-based coins, and CAKE is definitely riding that wave.
CAKE Price Analysis. Source: TradingView
PancakeSwap is still the king of apps on the BNB chain, raking in over $74 million in fees just last week! That makes it the third most profitable crypto protocol right now, only behind giants like Tether and Meteora.
If this crazy momentum keeps up, CAKE could be heading towards the $3.41 resistance level. Break through that, and who knows how high it could go! But, if things turn south, watch out for a drop to $2.15. If it falls below that, we could see a bigger dip down to $1.35.
Mantra (OM)
Mantra (OM) is on a roll too, up 27% in the last week and a massive 94% over the past month!
This rally is happening as the whole Real World Assets (RWA) sector is going nuts, up 144% in the last three months! OM is definitely a top dog in this booming space.
OM Price Analysis. Source: TradingView
The price of OM has been hitting new all-time highs recently, showing serious bullish strength.
If this uptrend continues, OM could smash through $8 soon and keep climbing! However, if the hype cools off, we might see a pullback towards $6.47, with potential further drops to $5.7 or even $5.27.
Space ID (ID)
Space ID (ID) is a major player in the Digital Identities sector and it's showing signs of life, up over 11% in the last week. Even though it's still down 31% over the last month, this recent recovery is something to watch.
Its market cap is currently at $273 million as it tries to regain its footing.
ID Price Analysis. Source: TradingView
The price chart for ID hints at a possible golden cross forming. For those new to trading lingo, a golden cross is generally seen as a bullish signal, suggesting prices could go up. If this golden cross happens, ID could test the $0.37 resistance level, and breaking through that could send it soaring to $0.47 – its highest point since mid-January!
Of course, crypto is unpredictable. If the trend reverses, ID might drop back to $0.28, and potentially further down to $0.25 or even $0.23. Keep an eye on these levels!