$CAKE Bulls Are Back🦬🦬🦬🦬
PancakeSwap Surges 9% — $3.00 Breakout Incoming?
#pancake is cooking up something big! With a 9% surge in the last 24 hours and daily volume spiking +19%, the altcoin is testing the critical $3.00 resistance — a level that could unlock the next wave of gains.
📊 Key Insights:
✅ 50-day EMA ($2.41) crossed above the 200-day EMA ($2.27) → A bullish Golden Cross formation!
✅ RSI at 74 – strong momentum, but nearing overbought levels (watch for consolidation).
✅ MACD bullish crossover & expanding histogram signal growing buying pressure.
✅ Social sentiment and community optimism are soaring 🚀.
🔑 Key Levels to Watch:
• Support: $2.41 (50-day EMA)
• Resistance: $3.00 (psychological barrier)
📢 A confirmed breakout above $3.00 could trigger institutional and retail FOMO, potentially targeting $3.50+ in the near term.
💬 Do you think CAKE will flip $3.00 and serve up more gains? Or will bears defend the kitchen?
