$CAKE **$CAKE/USDT – DeFi Breakout Imminent! 🚀**

### 📊 **Price Snapshot**

**Current Price:** $2.418 **(+2.54%)**

**24H Range:** $2.304 - $2.422 *(testing upper bounds)*

**Sector:** DeFi

### 🔍 **Key Technicals**

- **RSI(6):** 60.11 *(bullish momentum building)*

- **Volume:** 1.67M CAKE / $9.62M USDT *(growing interest)*

- **Moving Averages:**

- MA5: $37.47M *(short-term support)*

- MA10: $56.32M *(golden cross potential)*

### 📈 **Trade Setup**

**Entry Zone:** $2.38 - $2.40 *(pullback opportunity)*

**Targets:**

- TP1: $2.48 *(immediate resistance)*

- TP2: $2.55 *(liquidity zone)*

- TP3: $2.65 🚀 *(swing target)*

**Stop-Loss:** $2.28 *(below 24H low + 1.5% buffer)*

### 💡 **Trader's Insight**

1) **Depth data** shows sell walls thinning at $2.776

2) DeFi sector heating up – CAKE leading the charge

3) RSI holding above 60 could trigger algorithmic buying

**Risk/Reward:** ~1:3 with conservative stop

#DeFiSeason #PancakeSwap #BreakoutAlert #AltcoinTrading

*Pro Tip: Watch for USDT pair volume exceeding $12M for confirmation*