📈 Analysis and forecast for $CAKE : is it time to enter? 🚀
As of May 30, 2025, 11:22 EEST, the price $CAKE on Binance is $2.421, with a drop of 12% over the last 24 hours. The trading volume for the day is around $151M, with a market capitalization of $657.79M (with a circulating supply of 291.81M CAKE). The drop is associated with bearish market sentiment and a recent sale of $1.6M in USDT over 14 minutes, which intensified the pressure.
Technically, $CAKE in a downward trend. On the 4-hour chart, the price dropped below $2.50, testing support at $2.40. RSI (14) below 30 indicates oversold conditions, but MACD confirms bearish momentum. Key support is at $2.29, a break below will strengthen the decline to $2.00. A rebound above $2.50 could direct the price to $2.74.
Forecast: by the end of May, CAKE may test $2.29–$2.00. By July 2025, stabilization around $2.50 is possible, but with positive news (e.g., about PancakeSwap V4), a rise to $5.00–$5.56 is realistic by the end of the year. The long-term target for 2026 is $17.65 if the market remains bullish. Fundamentally, the leadership in DEX on BNB Chain supports potential, but volatility remains a risk.
Is it time to enter? The price $2.421 is close to support at $2.40 — a zone for speculative entry with a target of $2.50–$2.74. Set a stop-loss at $2.29. Monitor volumes and news about BNB Chain — the market is volatile! #CAKE #Binance #CryptoAnalysis
