$CAKE That’s a solid analysis! The bullish divergence on the RSI is a good sign for a potential reversal, especially with increasing trading volume. If CAKE maintains its position above the key support level and breaks through the $4.50 resistance, it could gain momentum toward $5.00. However, as always, confirmation with other indicators like moving averages or MACD could help strengthen the case.

Are you currently holding CAKE or just keeping an eye on its movement?