$CAKE / USDT Surging Towards Resistance: Can the Bullish Momentum Continue? 🚀🍰
$CAKE / USDT is showing impressive bullish strength on the 4-hour chart, currently trading at $2.186 after hitting a 24-hour high of $2.190. The price has seen a significant increase of +12.16% today, marked by strong upward momentum.
The current price is testing the recent high, suggesting a potential breakout if buyers maintain control. A successful breach of the $2.190 resistance could open the door for further upward movement.
Key Levels to Watch:
* Resistance: 2.190 (24-hour high)
* Potential Target (upon breakout): Observing previous resistance levels and potential Fibonacci extensions for targets.
* Support: Monitor recent lows for potential pullback zones.
* Volume: Strong buying volume is supporting the current price surge.
Traders should closely observe the price action around the $2.190 level for confirmation of a breakout or potential rejection. Remember to manage risk effectively.
{future}(CAKEUSDT)
