Crypto Heat Check: $QNT & $CAKE Break Out – Momentum Building?
It’s been an exciting stretch on the charts, with QNT and CAKE both posting strong moves that have traders paying attention.
Starting with QNT/USDT, we saw a powerful rally from $93.75 up to $111.25, currently holding around $109.94 — that’s a 15%+ gain in 24 hours. Volume is strong and buyer dominance is visible. The stair-step pattern with small pullbacks shows organic demand, not just a spike.
Then we’ve got CAKE/USDT, which broke out of a tight range and exploded from around $2.40 to nearly $2.95, up 14.5% on the day. Short-term indicators are lighting up green across the board. The 30 and 90-day gains (32% and 30%, respectively) suggest the trend might be turning more sustainably.
And let’s not forget the visual setup from earlier — a clean chart marked with local resistance flips, volume surges, and trendline breaks. It echoed the same story: momentum is back, and smart money might be rotating in.
Bottom Line:
Whether it’s infrastructure picks like $QNT or DeFi plays like #CAKE , the market’s showing signs of life — but these moves also tend to attract volatility. Tighten your entries, respect your stops, and don’t chase green candles blindly.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries significant risk. Always DYOR (Do Your Own Research) before investing.