$CAKE EXPLODING – IS $3 NEXT❓ BULLS TAKING OVER❗$CAKE has skyrocketed 40%+, breaking past $2.55 with strong momentum❗With RSI nearing 70 and parabolic SAR confirming the uptrend, bulls are eyeing the $3.00-$3.20 zone next. If support holds above $2.50, a rally toward new highs is on the table. But if rejected, a dip to $2.20-$2.30 could offer a fresh entry before another surge. Is #CAKE gearing up for a massive breakout❓#CAKE Surges – Is the Rally Sustainable❓$CAKE is currently trading at $2.558, showing a massive 40.86 percent gain in the last 24 hours. The price spiked from a low of $1.763 to a high of $2.691, marking a strong breakout.

Key Levels to Watch

Resistance: $2.69 – A breakout above this could push CAKE toward $2.80 and $3.00.

Support: $2.40 – Holding above this level is critical to maintaining bullish momentum. A break below could see a drop to $2.20.

Trade Setup

Long Entry: Above $2.60, targeting $2.80 and $3.00.

Short Entry: Below $2.40, expecting a pullback toward $2.20.

Stop Loss: Adjust based on risk tolerance.

Market Insights

RSI at 68.63, nearing overbought territory, signaling possible consolidation or a minor pullback.

Parabolic SAR remains bullish, indicating the trend is still strong.

Volume remains high, suggesting continued interest and momentum.