CAKE has been under sell pressure since ATH. Overcame several changes and finally became deflationary but of course, it takes time to gain the users' trust and boost the adoption.
The discount zone at 4h says it all. Strong support at 2usd. Undervalued number 1 bnb chain defi which is now deflationary.
Price approaching Weekly and Monthly lows with V4 coming this is a good opportunity to jump in for the incoming altcoin season.
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.
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.