🎯 $CAKE /USDT 4H Technical Analysis — PancakeSwap Eyes a Breakout?

PancakeSwap’s native token CAKE is pushing into resistance at $2.48–$2.50, threatening to break a multi-day consolidation range. With EMAs lining up favorably, a trend shift may be cooking — and traders are starting to take notice.

🧠 Key Technical Insights:

🔹 EMA Compression Completed:

Price is now above all major MAs:

  • MA7: 2.450

  • MA25: 2.393

  • MA99: 2.440

Bullish alignment is forming — especially with MA25 and MA99 flattening and beginning to curl upward.

🔹 Cup-and-Handle Vibes:

Price action since May 27 resembles a rounded cup, with current movement forming a tight handle.

Breakout from this pattern could ignite a measured move toward $2.70–$2.75.

🔹 Support Structure:

Immediate support: $2.44–2.45 (EMA cluster)

Key base: $2.36, holding as higher low since June 1st

🚀 Upside Targets if Breakout Holds:

$2.56–2.58: Minor resistance (recent wick highs)

$2.68–2.75: Clean extension zone from previous breakout

⚠️ Risk Levels:

Breakdown below $2.44 would put pressure back on bulls.

Failure to break $2.50 resistance may trigger short-term range chop.

💬 Summary:

CAKE is primed for a breakout — but bulls must flip $2.50 into support. A confirmed breakout could open the door toward $2.70+. Short-term momentum favors upside while structure remains intact.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!