$CAKE /USDT – Market Update (June 4, 2025)
PancakeSwap ($CAKE ) is heating up, trading at $2.48, up 4.64% on the day! Is the rally sustainable or is a cooldown coming?
Bullish Signals:
MACD crossover → Momentum is in the bulls’ favor.
RSI at 69.5 → Strong buying pressure, nearing overbought territory.
Volume spike → Traders are jumping in, adding fuel to the move.
Things to Watch:
RSI nearing 70 → Could hint at a short-term pullback.
Resistance zones at $3.00 and $3.20 → Key levels that could cap the rally.
CAKE is showing strong bullish momentum in the short term — but caution is warranted as it nears potential resistance and overbought levels. A breakout past $3 could be a major signal, while failure to hold momentum might lead to a pullback.
Watch closely. DYOR.
