📈 Analysis and forecast for $CAKE on Binance: what are the further prospects? 📉
As of 14:31 EEST, June 22, 2025, the price of $CAKE (PancakeSwap) on Binance is $2.049, showing a decline of 5.62% over the last 24 hours. The decrease in trading volume and negative dynamics indicate a correction, likely caused by overall market instability or profit-taking.
Technically, $CAKE is in a consolidation zone. On the 4-hour chart, the 50-day SMA is approaching the 200-day from below, signaling bearish momentum. The RSI (14) at around 40 is in the neutral zone, close to oversold, which may hint at a potential reversal with increased interest. Key resistance is at $2.15, a breakout of which may return growth to $2.30. Support is at $2.00, with $1.85 below. Holding above $2.049 keeps chances for recovery, but the risk of further decline remains.
Forecast: in the coming days, CAKE may test support at $2.00–$1.85, with a chance of a rebound to $2.15 by the end of June 2025 if activity resumes. By July, a rise to $2.50–$2.70 is possible if the PancakeSwap ecosystem receives support. The long-term outlook for 2026 is $5.00+, assuming growth in DeFi and the BNB Chain. Risks include volatility and dependence on market trends. Posts on X reflect mixed expectations: some see potential above $2.30, while others predict a drop to $1.85.
Further prospects? A decline of 5.62% and a price of $2.049 are close to the support at $2.00. Buying at $2.00 with a target of $2.15 and a stop-loss at $1.85 may be justified. CAKE stands out due to low fees on the BNB Chain and support from Binance, which maintains its popularity. Stay tuned for news about the ecosystem!
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