🍰 $CAKE /$USDT Daily Chart – Momentum Reignites
Current Price: $3.226
Daily Gain: +4.54%
🔍 Market Overview
PancakeSwap (CAKE) is cooking up something big again. With a fresh breakout above $3.00, we’re seeing a classic reversal pattern come to life after months of sideways battering.
📈 Bullish Structure
MA Crosses Confirmed:
MA7 ($2.857) > MA25 ($2.562) > MA99 ($2.342) — solid bullish alignment
Strong continuation pattern after reclaiming the $3 psychological level
Volume buildup suggests momentum is not a fakeout
🎯 Upside Targets
Target 1: $3.65 — Previous local resistance zone (Feb 2025 spike)
Target 2: $4.10 — Major swing high from Dec 2024
Target 3: $5.00+ — Psychological level and final resistance before blue-sky breakout
🛡️ Support Zones
$3.00 — Psychological and breakout retest zone
$2.60 — MA cluster and base support
$2.35 — 99 MA long-term floor
⚠️ Risk Note
CAKE has been volatile historically. A fakeout above $3 without confirmation could lead to sharp pullbacks. Keep stop-losses tight below $2.85 if scalping.
💬 Conclusion
$CAKE is breaking out of its slumber. With clean technicals and volume behind it, we could be in for a sweet ride. If bulls hold the spatula, a revisit to $4+ isn’t far-fetched. 🧁🚀
