$CAKE As of March 18, 2025, PancakeSwap's CAKE token is trading at approximately $2.72, reflecting a significant surge in the past 24 hours.
4-Hour Chart Analysis:
Price Movement: The 4-hour chart indicates a strong bullish momentum, with CAKE breaking out from a falling wedge pattern—a bullish reversal signal.
Moving Averages: The price has surpassed both the 50-period and 200-period Simple Moving Averages (SMAs) on the 4-hour chart, suggesting a shift towards a bullish trend.
Relative Strength Index (RSI): The RSI has entered overbought territory, indicating strong buying pressure; however, this may also suggest
