CAKEBULLISH

$CAKE
✈️According to my analysis, CAKE/USDT 🚀
appears to be in a bullish pattern due to the following indicators:
1. Significant Price Increase: The price has surged by 42.07%, indicating strong upward momentum.
2. Moving Averages (MA):
• The 7-period MA (2.538) is above the 25-period MA (2.508) and the 99-period MA (2.334), signaling a short-term bullish trend.
• The alignment of moving averages suggests continued upward momentum.
3. Relative Strength Index (RSI):
• The RSI (6) at 63.647, RSI (12) at 60.494, and RSI (24) at 58.220 indicate that the asset is approaching overbought conditions but remains within a bullish zone.
4. Volume Analysis:
• Increased 24h volume (114.10M CAKE / 274.96M USDT) confirms strong buying interest.
• Volume spikes often accompany bullish breakouts, supporting the uptrend.
5. Recent Highs and Lows:
• The 24h high of 2.691 shows the coin reached a higher resistance level.
• The 24h low of 1.803 suggests a significant rebound, reinforcing bullish sentiment.

Overall, CAKE/USDT is showing strong bullish signals with upward momentum. However, traders should monitor resistance levels and RSI to assess potential corrections.
#CAKE #CAKEBULLISH

#CAKEBULLISH I told you yesterday mark my words❗Where are the doubters who said $CAKE wouldn’t break $2.5❓ Now, it’s pushing toward $2.8, and the next bullish wave could take it straight to $3❗$CAKE BULLISH REVERSAL UNDERWAY❗$CAKE is showing signs of strength after bouncing from $2.44, now trading around $2.67. With momentum picking up, a potential breakout toward higher levels is in play.

Key Levels to Watch

Resistance: $2.82 – A clean break could fuel a rally toward $3.00.

Support: $2.60 – Holding above this zone is crucial for bullish continuation.

Trade Setup

Long Entry: Above $2.70, targeting $2.90 and $3.20.

Short Entry: Below $2.55, expecting a dip toward $2.40.

Stop Loss: $2.50 to manage risk.

Volume and RSI suggest increasing bullish sentiment keep an eye on CAKE for the next move!

#CAKEBULLISH I told you yesterday mark my words❗Where are the doubters who said $CAKE wouldn’t break $2.5❓ Now, it’s pushing toward $2.8, and the next bullish wave could take it straight to $3❗$CAKE BULLISH REVERSAL UNDERWAY❗$CAKE is showing signs of strength after bouncing from $2.44, now trading around $2.67. With momentum picking up, a potential breakout toward higher levels is in play.

Key Levels to Watch

Resistance: $2.82 – A clean break could fuel a rally toward $3.00.

Support: $2.60 – Holding above this zone is crucial for bullish continuation.

Trade Setup

Long Entry: Above $2.70, targeting $2.90 and $3.20.

Short Entry: Below $2.55, expecting a dip toward $2.40.

Stop Loss: $2.50 to manage risk.

Volume and RSI suggest increasing bullish sentiment keep an eye on CAKE for the next move!