📈 Analysis and forecast for $CAKE : is it time to exit? 🚀
As of May 27, 2025, 08:49 EEST, the price on $CAKE Binance is $2.688, with an increase of 12% in the last 24 hours. The trading volume for the day is about $151M, and the market capitalization is $657.79M (with a circulating supply of 291.81M CAKE). The increase is due to the popularity of PancakeSwap as the leading DEX on the BNB Chain and the rise in trading activity.
Technically, $CAKE is showing a bullish trend. On the 4-hour chart, the price is above the 50-day moving average ($2.40), and the RSI (14) at 65 is approaching the overbought zone. Key levels: support at $2.60, resistance at $2.80. A breakout above $2.80 could push the price to $3.00, but a drop below $2.60 would increase pressure towards $2.40.
Forecast: by the end of May, CAKE could reach $3.00 if the volume holds. By June 2025, a correction to $2.40 is likely due to overbought conditions, but with positive news, a rise to $5.00 is possible by year-end. The long-term target for 2026 is $17.65, if the DeFi sector continues to grow. Fundamentally, the token benefits from low fees on the BNB Chain, but volatility remains a risk.
Is it time to exit? After a 12% rise and the current price of $2.688, exiting is justified upon reaching $2.80–$3.00, where profits can be locked in. Set a stop-loss at $2.60 for protection. For holders, the current level is risky due to overbought conditions—consider partial exit. Keep an eye on news about PancakeSwap and volumes, the market is unstable! #CAKE #Binance #CryptoAnalysis
