$CAKE Price Setup Signals Possible Rebound Toward $2.54

In the past 24 hours, $CAKE has dipped by 1.27%, now trading around $2.40, while the market continues to show mixed signals. Over the last week, CAKE has been moving sideways, struggling to break past resistance but holding firmly above key support levels. Currently, it is hovering just above its 24h low of $2.383, and if this support holds, a short-term rally could be in sight.

On the technical side, CAKE’s 4-hour chart shows that price has been forming a base near the lower zone of recent consolidation. If it maintains momentum above $2.38, we may see a potential move back up toward the recent high of $2.542. Increased buying pressure could trigger a breakout to the $2.60 level. However, if CAKE breaks below the support level, the next downside area to watch could be around $2.30. Trading volume remains active with 12.76M CAKE and $31.36M in USDT exchanged, showing traders are closely watching for the next breakout. With DeFi tokens gaining attention again, CAKE could soon cook up a bullish surprise.

Buy and Trade Here on $CAKE