$CAKE CAKE/USDC Decline Signals Strengthening! 📉
The price of the CAKE/USDC pair was rejected at the 1.948 level and has started to decline. The MACD indicator is signaling weakness, volume is decreasing, and the RSI is reversing from the overbought zone. If the 1.80 level is broken, the 1.70 and 1.60 supports may be tested.
Currently, new purchases seem risky, and the direction of the price may change. Trade without forgetting to take profits and set stop losses. If the decline continues, even 1.50 levels may be possible.
What do you think the next move for CAKE will be? Write in the comments! ⬇️
