CAKE has exploded 53%, can the market continue to soar? The price may reach a new high after the correction!
CAKE has risen 53% in the past 24 hours, and the weekly increase has exceeded 100%. This strong rebound is a sign that the market is starting to pick up after the correction in the past month. However, although it is bullish in the short term, there are signs of adjustment on the chart, and the RSI is close to the overbought area, and the price may experience a cooling period.
But don't take it lightly! The current two key support levels of 2.414 and 2.816 may provide momentum for the price rebound. Once it breaks through 3.217, CAKE will continue to sprint to new highs! The strong performance of locked value and protocol fees shows that the market is still confident in CAKE.
