$CAKE/USDT is trading at 2.445, up 5.16% in the last 24 hours. The day's price range has been 2.262 - 2.489, with a trading volume of 5.27M $CAKE and 12.55M USDT. Market depth indicates support at 2.445 and resistance near 2.489.
The upward price movement, supported by moderate trading volume, offers potential opportunities for traders to enter positions near support levels or target the resistance zone for short-term gains. With strong liquidity and positive momentum, the pair appears favorable for short-term strategies. However, effective risk management is essential to maximize returns and mitigate potential losses.
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