Here is a detailed analysis of
$CAKE /USDT Perpetual
📌 CAKE/USDT Overview
Metric Value
Last Price $2.7506 🔻
INR Equivalent ₹783.92 (-0.85%) 🔽
Mark Price $2.7492
24h High $2.7915 📈
24h Low $2.6061 📉
24h Vol (CAKE) 15.83M 🪙
24h Vol (USDT) $42.44M 💵
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📊 Technical Indicators
🔧 Indicator 📉 Value
Current Volume 212,661
MA (5) 166,139 📈
MA (10) 108,150 📈
✅ Price is above both MAs, indicating short-term strength, but RSI or MACD would be useful to confirm this.
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🔍 Support & Resistance
🟢 Support Levels
$2.7058 — Initial cushion 📉
$2.6503 — Stronger base
$2.6061 — 24h Low (critical)
🔴 Resistance Levels
$2.7551 — Immediate test
$2.7615 — Key rejection zone
$2.7915 — 24h High
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🔮 Market Sentiment & Trend
Short-term Trend: Neutral to mildly bullish
Recent Bounce: From $2.60 support zone, reclaiming $2.70+
Price staying above $2.74 strengthens case for bullish continuation
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💡 Trade Ideas
🐂 Bullish Setup (Breakout Attempt):
Entry: $2.74–$2.75
Target: $2.78–$2.80
Stop Loss: Below $2.705
🐻 Bearish Setup (If rejection at resistance):
Entry: $2.76–$2.78
Target: $2.70–$2.65
Stop Loss: Above $2.80
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⚠️ Watch For
Break above $2.79 = potential trend breakout
Drop below $2.60 = strong bearish shift
Volume spike will confirm direction—watch closely.
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Would you like a chart with Bollinger Bands, RSI, and trendlines for deeper insights? 📈
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