Second Cake's Fate Hangs at 2500: Prelude to Stepping on the Gas or the Brake?
The Second Cake is currently at a crossroads—
It is firmly pressing on the support level of 2500 USD, which is not only the middle line of the Bollinger Bands but also the average price point over the past period (2513).
Once it falls below, the next stop is likely to head straight for the 2440 area;
Conversely, if it stabilizes and rebounds here, the bullish structure still has hope.
Quickly scanning through the key technical signals:
RSI at 55: Neutral but cautious, no direction
MACD histogram trending weaker: Bulls are catching their breath
Bollinger Bands narrowing: Volatility compression is brewing a big move
