CAKE just bounced off a long-term support level dating back to 2020, and the RSI is flashing a subtle bullish divergence—suggesting this could be the final dip before a reversal. Historically, CAKE has moved in sync with BNB, and with the broader market heating up, this could be a prime setup for a massive upside move.
If momentum kicks in, we could be looking at a potential 10x rally from here. However, bulls need to defend this zone; a daily close below $1 would invalidate this setup and signal deeper downside risk.
Keep an eye on volume and market sentiment—if we see strength building, this could be the beginning of a major comeback for CAKE.
If momentum kicks in, we could be looking at a potential 10x rally from here. However, bulls need to defend this zone; a daily close below $1 would invalidate this setup and signal deeper downside risk.
Keep an eye on volume and market sentiment—if we see strength building, this could be the beginning of a major comeback for CAKE.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.