🔍 CAKE Analysis – Support Retest at $2.64 🔍
🥞 PancakeSwap is stabilizing near $2.64, testing a key support zone after a prolonged downtrend. Traders are watching for signs of a bounce or deeper correction.
📈 Technical Analysis
- Trend: Bearish continuation
- Support: $2.50 and $2.32
- Resistance: $2.78 and $3.05
- Pattern: Descending wedge on 4H
- Volume: Low and fading
- RSI: Near 39, bearish zone
- Outlook: Bearish unless $2.78 breaks
📰 Market Data & News
- Price: $2.64
- 24h Change: -2.1%
🔄 Scenario Breakdown
- Bullish Case: Break above $2.78 targets $3.05; SL below $2.50
- Bearish Case: Breakdown below $2.50 may drag price to $2.32; SL above $2.78
📊 Sentiment Meter
📉 Bearish Bias – Weak volume, sellers dominate
⚠️ Risk Level
🔴 High – Breakdown risk, low momentum
💬 CAKE is hovering near support—will it flip the recipe or crumble further?
📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
CAKE #BinanceSquare