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CAKE

#CAKEUSDT: Triangle Breakout – Next Move?Market Overview: #CAKEUSDT has been in a strong uptrend and recently formed a triangle pattern on the 1-hour timeframe. This pattern typically signals trend continuation, and we just witnessed a breakout! Key Observations: 🔹 Triangle breakout confirmed – bullish signal! 🔹 Resistance Level: Watch for a clean break for further confirmation. 🔹 Potential Targets (TPs): Higher highs expected if momentum holds. Strategy: 🔹 If price retests the breakout zone and holds, we could see a strong bullish continuation. 🔹 Invalidation: If price falls back into the pattern, we may see a fakeout scenario. What’s your take? Will #LDOUSDT pump higher or is this a bull trap? Share your thoughts below! Follow for more chart updates, trade ideas, and market insights!
Long
by mudusir
#Cake Ready for a Big Move? Bullish Breakout Incoming!🔹 Market Structure & Trend #Cake is currently in a strong uptrend, forming higher highs (HHs) and higher lows (HLs). This is a classic sign of bullish momentum. 🔹 Key Breakout Zone We are watching the resistance level: 2.950, which aligns with previous HHs. A breakout above this level could trigger another strong rally. 🔹 Trade Plan & Entry Strategy Breakout Entry: Above 2.950 with confirmation Stop Loss: Below recent HL for proper risk management Targets: First TP at 3.220, extended TP at 3.416 🔹 Indicators & Confirmation RSI: Above 50, indicating bullish strength Volume: Increasing, signaling strong participation Moving Averages: Aligning for an uptrend What’s Your Take? Do you think #Cake will break out or face resistance? Drop your analysis in the comments!
Long
by mudusir
$CAKE Token Set to Spike to $5 Amidst Falling Wedge BreakoutNASDAQ:CAKE , the native token of PancakeSwap, a leading decentralized exchange (DEX) built on the BNB Chain. Recently, NASDAQ:CAKE has been making headlines with a remarkable 70% surge in just seven days, climbing from $1.5 to $2.8. But this could just be the beginning. We are now predicting a potential spike to $5 in the near term, Technical Analysis The NASDAQ:CAKE chart is currently painting a bullish picture, with a falling wedge pattern that has been forming since December 2024. Falling wedges are typically reversal patterns, signaling a potential breakout to the upside. For NASDAQ:CAKE , this breakout appears imminent, with the token testing key resistance levels. The falling wedge pattern suggests that selling pressure is weakening, and buyers are stepping in. A confirmed breakout above the wedge’s upper trendline could trigger a significant upward move, potentially propelling NASDAQ:CAKE to $5 in the short term. The 38.2% Fibonacci retracement level is acting as a strong support zone for $CAKE. This level has historically served as a springboard for price rallies. In the event of a minor pullback, this support level is expected to hold, providing a solid foundation for further upside. The immediate resistance lies at the 1-month high, which, if broken, could act as a major pivot point for NASDAQ:CAKE ’s next leg up. Beyond $5, the next target is $10, a level that could be achieved if bullish momentum continues and broader market conditions remain favorable. Ultrasound CAKE, Four.memes, and PancakeSwap’s Ecosystem While the technical setup is compelling, NASDAQ:CAKE ’s fundamentals are equally impressive. PancakeSwap has consistently innovated and expanded its ecosystem, making NASDAQ:CAKE one of the most versatile tokens in the DeFi space. 1. Ultrasound CAKE: A Deflationary Mode In April 2023, PancakeSwap transitioned to a deflationary token model called “Ultrasound CAKE.” This model, approved through the CAKE Tokenomics v2.5 proposal, combines real yield with reduced token emissions. Over 102% of minted CAKE is burned weekly, creating a supply squeeze that enhances the token’s long-term value. 2. Four.memes: A Catalyst for Growth One of the key drivers behind NASDAQ:CAKE ’s recent surge is the launch of Four.memes, a BNB token creation toolkit. This platform allows users to create and graduate meme coins to PancakeSwap once they reach a bonding curve. Four.memes has not only increased activity on the PancakeSwap platform but also brought new users and liquidity into the ecosystem. 3. Strong Financials and Staking Metrics Despite the bear market’s impact on the broader crypto space, PancakeSwap continues to generate impressive revenue. The platform boasts an annualized revenue of $27 million, with 42% of NASDAQ:CAKE ’s circulating supply staked. Market Sentiment and Future Outlook The current market sentiment around NASDAQ:CAKE is overwhelmingly positive. With a market cap of $845 million and a 24-hour trading volume of $444 million, NASDAQ:CAKE is firmly positioned as a top-tier DeFi token. Conclusion: NASDAQ:CAKE is Ready to Rise The falling wedge breakout, combined with PancakeSwap’s innovative ecosystem and deflationary tokenomics, sets the stage for a significant price surge. With a potential target of $5 in the near term and $10 in the coming weeks, NASDAQ:CAKE is poised to deliver substantial returns for investors.
Long
by DEXWireNews
CAKEUSD - Pullback after the rallyLooking at the CAKE/USDT chart, the price is currently undergoing a corrective move following its significant upward surge that reached around 3.40. The orange box around the 2.20 level represents a strong support zone that could act as a base for the next leg up. This correction appears healthy and natural after such a strong rally, allowing the market to reset before potentially resuming its upward trajectory. Once this pullback completes around the support area, we might see renewed buying interest that could propel CAKE to new highs, continuing the established uptrend. The previous price action and market structure suggest this support zone could provide a solid foundation for buyers to step in.
Long
by financialflagship
CAKEUSDT Falling Pattern Setup with 100%-150% Potential Gains CAKEUSDT has recently formed a Falling Pattern, a chart formation that typically signals a period of consolidation or potential reversal. This pattern is often seen in markets that are in the process of finding a bottom before making a sharp upward move. For CAKEUSDT, the pattern is accompanied by good volume, which indicates that there is solid market interest and a buildup of potential for a breakout. With a projected gain range of 100% to 150% or more, traders are watching this pair closely, hoping to capitalize on what could be a significant upward move once the price breaks out of the pattern's resistance. The Falling Pattern typically shows a series of lower highs and lower lows, followed by a potential breakout when the price moves through the key resistance level. The increasing volume during this phase suggests that buyers are starting to take control, positioning themselves for a potential rally. Investors are growing more interested in CAKEUSDT as it shows signs of bottoming out and setting up for an explosive upward movement. If this pattern follows through, traders could see substantial returns as the price looks to reclaim its previous highs. As with all chart patterns, the success of the Falling Pattern in CAKEUSDT depends on several factors, including broader market conditions and the overall sentiment in the crypto space. However, the good volume backing this pattern suggests a higher likelihood of a strong reversal. If CAKEUSDT can break above the resistance formed by the Falling Pattern, the next phase could be a sharp rally, potentially pushing the price higher and providing traders with significant profit opportunities. Traders should remain cautious and monitor key support and resistance levels to make informed decisions as the price action unfolds. If the market continues to favor bullish momentum, CAKEUSDT could experience a strong breakout that leads to notable gains. Given the current technical setup and investor interest, this pair could be one to watch closely in the coming days or weeks for those looking to capitalize on the next big move.
Long
by Alpha-GoldFX
#PancakeSwap #CAKE LONG TERM TARGETS IN 2025Based on the CAKE token’s chart, it can be observed that its price movements are quite channeled and orderly. In November, it broke out of its channel, and recently it has pulled back again to the channel’s upper boundary. Considering the price movement model from October 2023 to February 2025, it appears that its corrective structure has likely come to an end, and we can anticipate price growth throughout 2025. TARGETS: 1- 7.5$ 2- 10.5$ 3- 20$ 4- 27$ STOPLOSS: 0.95
CRYPTO:CAKEUSDLong
by KhaniTechnical
CAKE on the way upCake just entered the tiny buy channel crossing 2.17usd with several local bearish targets on the way back to 4.5usd. As you see on the chart the sell-off from the previous local top 4.5usd was mainly caused by panic sellers/whales, there are 8 fair value gaps (red squares) going down from 4.5usd whereas the growth to 4.5usd counts only 2 (green squares)! FVG (fair value gap) acts as a magnet in both directions, which means the red ones attract the price from below levels up and the green ones from upper levels down. In other words, if the price was unnaturally pushed down, it can jump the same way up and vice versa. The price was pushed down significantly which may be an opportunity.
Long
by Suhulo
2
Cake 70% profitFrom the data provided, CAKE's price has shown significant volatility. Starting around 2.027 in January, it surged to 3, indicating a strong bullish trend 🚀. However, it later corrected to around 2.110, suggesting a potential support level 📉. The signals in the chart hint at a possible buying opportunity at support levels, especially if the price holds above 2.110 🛑. If it drops below this level, it might indicate a continued downward trend 📊. Given the high volatility, traders should exercise caution and use risk management tools like stop-loss orders 🛡️. Staying updated with market news and developments can also aid in making informed trading decisions 📰💡.
Long
by ahmadarz
Alikze »» JOE | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W 📣 BINANCE:JOEUSDT It is moving in an ascending channel on the weekly time frame. 🟢 Given the positive reactions and demand in the bottom area of ​​the ascending channel, the upward movement can continue its growth to the supply area and, if supported in the middle area of ​​the channel, the movement can continue to the ceiling of the ascending channel. 💎 Furthermore, with the failure of the first ascending channel, it can continue its growth to the extent of the first channel to the large supply area. ⚠️ In addition, if the ascending channel breaks and consolidates below it, the upward scenario is invalidated and must be re-examined and updated. ⚠️ »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
CAKE-USDT 4h chart ?Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top. In such a situation, it is worth moving on to defining goals for the near future that the price must face: T1 = $2,698 T2 = $2,765 T3 = $2,964 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,622 SL2 = $2.56 SL3 = $2,453 SL4 = $2,281
by cryptodailyuk
1
TradeCityPro | CAKE: Weekly & Daily Price Dynamics👋 Welcome to TradeCityPro! In this analysis, I will examine the CAKE coin. Pancake Swap is a DEX platform on the BSC network, ranking first among DEXs by TVL. This analysis will technically review the platform's coin, CAKE. 📅 Weekly Timeframe: Reaching the Demand Zone In the weekly timeframe, following the break of the $3 support, the price dramatically fell, and after several weeks, it found a bottom at $1.093. With incoming buying volume, it rebounded from this zone and eventually reached up to $4.753. 🔍 After the initial contact with this area, the price was rejected and fell sharply again to $1.549, where the second bottom was formed. After a confirming candle, the price moved towards the supply zone near the resistance at $4.753. 📊 The buying volume was very strong in the bullish candles that formed, but after reaching $4.753, we observed a heavy rejection and the price retraced the entire bullish leg. With the RSI reaching the 50 level, the bullish momentum also dissipated. 🚀 For an uptrend, as long as the price is below the supply zone, I do not expect large and sharp candles. However, if $4.753 is broken, the price could move towards targets at $9.723 and even $41.575. 🔽 If further correction occurs, the most crucial support is at $1.093, which must not be lost. 📅 Daily Timeframe: More Chart Details and Price Behavior In this timeframe, we can observe more details about price behavior. Currently, the price is in a very tight range box from $2.243 to $2.627, and breaking either of these areas could start a new trend. 📈 If $2.627 is broken, the price could again move up to the $4.753 ceiling. Entry of buying volume and a break of 50 in the RSI will significantly impact this bullish leg. ⏳ On the other hand, if $2.243 breaks, the price could move down to the $1.549 support and, if bearish momentum increases, could even break this support and move towards lower lows. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
11
PancakeSwap (CAKE)Comprehensive Analysis of CAKE/USDT ✨⚡ Introduction CAKE is a prominent cryptocurrency that plays a key role in the DeFi (Decentralized Finance) ecosystem. Associated with the PancakeSwap platform, it aims to facilitate decentralized trading and enhance liquidity, capturing the attention of many investors and traders. In this analysis, using technical tools, we examine key support and resistance zones while exploring various price scenarios. This analysis is designed to be useful for both short-term traders and long-term investors. 🌟⚔ 1. Technical Analysis Descending Channel Structure: On the weekly chart, CAKE is currently within a long-term descending channel. This structure indicates that the price has touched the channel's upper boundary (PRZ: 4.214 - 5.298) and has entered a corrective phase. Key Support and Resistance Zones: Red Support Zone (1.996 - 2.228): This is the first critical support level that plays a key role in the price's potential reversal. If this support is held, the price is likely to rise towards the channel’s upper boundary. Gray Support Zone (1.548 - 1.709): A break of the red support could bring the price down to this secondary support zone, which acts as a second line of defense. Green Resistance Zone (4.214 - 5.298): The PRZ zone is a strong resistance barrier to further price growth. A break above this zone will send a strong bullish signal. Movement Targets: Bullish Scenario: First Target: Upper boundary of the descending channel Subsequent Targets: 1.618 Fibonacci: (8.126 - 9.552) 2.618 Fibonacci: (22.698 - 27.046) 3.618 Fibonacci: (56.469 - 64.385) Bearish Scenario: In the case of a breakdown below the support zones, the price could decline towards the lower boundary of the descending channel. 2. Technical Indicators RSI (Relative Strength Index): The RSI is currently near the support zone (47.63 - 51.72). Holding this range could signal a potential reversal as buyers regain control. The trendline connecting the lows acts as a support level for upward momentum. Volume: An increase in volume near the red support zone confirms the start of a potential bullish move. Conversely, a decrease in volume at the green resistance zone raises the chances of a correction. 3. Investment Strategy Step-by-Step Entry: Enter near the red support zone (1.996 - 2.228). Re-enter after breaking the PRZ (4.214 - 5.298) with confirmed high volume. Managing Trading Volume: Adjust your trading volume according to key support and resistance levels. Allocate more volume near support zones, as these areas have a higher likelihood of a price reversal, which could initiate a bullish trend. This strategy allows for risk reduction and optimizes entry prices, enhancing potential profits. 4. Risk Management Stop-Loss: Place your stop-loss below the gray support zone (1.548 - 1.709). This will protect against significant losses in case of a price breakdown. Risk-to-Reward Ratio: Ensure your risk-to-reward ratio is at least 1:2. This means that for every unit of risk, your target reward should be at least double. Planning for Critical Scenarios: In case of a breakdown below support zones, it is advisable to close positions and reconsider entry points at lower levels. 5. Key Takeaways Volume: High volume near support levels suggests the beginning of an upward move. RSI Movement: A bounce from the 50-level RSI or trendline confirms the potential for a price increase. Conclusion Currently, CAKE is in a critical zone (1.996 - 2.228). By applying risk management principles and using a step-by-step entry strategy, one can take advantage of this opportunity. A breakout above the PRZ (4.214 - 5.298) could trigger a strong bullish trend and facilitate reaching Fibonacci targets. 🚀 Remember, always prioritize capital management and risk management to safeguard yourself from the volatility of the crypto market. 🔍✨
Long
by alizeynali69
PancakeSwap Wraps Up 2024 With a Record-Breaking Year PancakeSwap, one of the leading decentralized exchanges (DEXs), has achieved a significant milestone, recording a total trading volume of $310 billion in 2024. This marks a staggering 179% increase compared to 2023, highlighting the growing adoption of decentralized finance (DeFi) and layer-2 (L2) blockchain networks. Record-Breaking Trading Volume In 2024, PancakeSwap achieved $310 billion in trading volume, up from $111 billion in 2023. This growth was fueled by increased activity on L2 blockchains like Arbitrum and Base, which saw explosive year-over-year (YoY) increases of 3,656% and 3,539%, respectively. Key Contributors to Growth - DeFi Adoption: The rise in total value locked (TVL) across DeFi platforms—from $54 billion at the start of the year to $121 billion by December 24—boosted trading volumes. - Cross-Chain Expansion: PancakeSwap expanded its presence on Ethereum (+251% YoY) and the BNB Chain (+155% YoY), showcasing its adaptability to multi-chain ecosystems. - User-Centric Upgrades: Enhancements like the revamped swap interface, PancakeSwapX, and tools like the Telegram Swap bot have improved user experience, encouraging higher engagement. Innovative Features PancakeSwapX, launched in October 2024, introduced zero-fee trading and gasless asset swaps on Ethereum and Arbitrum. This innovation significantly reduced onboarding complexities for new users, making DeFi more accessible to mainstream investors. Technical Analysis As of the time of writing, NASDAQ:CAKE is trading at $2.53, up 1.75% within a consolidation channel. Despite recent price stagnation, several indicators suggest potential movement: Relative Strength Index (RSI): The RSI is currently at 46, indicating neutral momentum. However, the overall market sentiment remains positive. All-Time High (ATH) Potential: After peaking at $4.6 earlier this month, NASDAQ:CAKE has retraced. With the altcoin market gaining momentum, a post-Christmas rally could push NASDAQ:CAKE back toward its ATH. Competitive Position PancakeSwap is currently the second-largest DEX by daily trading volume ($2.23 billion), trailing Uniswap ($3.11 billion). It remains a dominant force in the DeFi space, supported by strong community engagement and a focus on innovation. Outlook for 2025 With the continued expansion of DeFi and L2 adoption, PancakeSwap is well-positioned for sustained growth in 2025. The platform’s emphasis on simplifying the user experience and integrating innovative features like gasless swaps will likely attract a broader audience, further solidifying its position as a top-tier DEX. Final Thoughts PancakeSwap’s $310 billion milestone underscores the platform’s ability to adapt and thrive in the rapidly evolving DeFi landscape. As NASDAQ:CAKE approaches the new year, both its technical setup and PancakeSwap’s fundamental advancements point toward a promising trajectory for 2025.
by DEXWireNews
2