💰 Current price and trading volume
Current price ≈ 2.63 $ USD, up about +0.8% over 24 hours, despite a decline of approximately -5% over the last week.
Daily trading volume ranges between 93 – 97 million dollars, reflecting moderate and steady activity.
The current market cap is approximately $900 – 907 million with a circulating supply of about 344.5 million CAKE. The maximum supply is 450 million.
🔍 Technical indicators and price momentum
The evaluation of technical indicators on the daily frame shows a neutral to light sell recommendation according to TradingView, with mixed signals from moving averages and other technical indicators.
The daily time pattern (MA / RSI) indicates a neutral state, with no strength for immediate entry or reversal.
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🧱 Technical support and resistance
Technical support: Located around $2.57–2.58, where several rebound attempts have recently emerged from this range.
First resistance: Stands at $2.64–2.65, which are the last daily closing limits.
Subsequent resistance targets: If the short-term resistance is broken, the price could head towards $2.75–2.80 if additional trading momentum is available.
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📉 Short and weekly performance
Over the last 7 days, the price has declined by approximately -5% despite a relative increase over the month (+12% to +15%), indicating partial profit-taking after a short bullish wave.
Annual performance is positive at around +85% compared to last year, indicating medium to long-term gains.
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✅ Technical assessment summary
Pivot Current technical assessment
Overall trend Neutral to positive, with volatility but without a clear direction
Support $2.57–2.58, a critical point to monitor stability
Resistance First at $2.64–2.65, then a possibility of testing $2.75
Technical momentum Moderate, with no strong buy or sell signals
Risk area Potential pullback to support with weekly selling pressure
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📌 Suggested strategies
Short term: Monitor the price at support $2.57 then gradual entry if stability is confirmed.
Breaking resistance: Surpassing $2.65 with higher trading volumes may pave the way towards $2.75.
Caution: Possible stop loss if the price drops below $2.55–2.56.
Interaction with developments in the overall market climate, especially the performance of BNB and Bitcoin, which significantly impacts DEXs like PancakeSwap.