$CAKE is hovering around 2.89–2.90 USDC, which represents a 9.4% daily increase. This indicates that the market sentiment is positive, and the token is approaching the 3.00 USDC resistance level.

According to technical analyses, Cake is showing a strengthening trend, and if it manages to break through the 3.00 USDC resistance, it could rise as high as 3.64 USDC.