Suhulo

Suhulo

Recent price action surprised many. The reason behind this is open sell position for aprox. 5M of cake tokens at 2usd price level. Not speculating who did this but all who is following this project for long-term can understand there is tight competition on the market. Price will rise from this level, once reached 2usd liquidity will be swept quickly.

Suhulo Updated 

No reason for panic. Whales are just chasing liquidity in lower areas which if removed now prevents price drops later so keep smiling as this is definitely you would want to do if you were whale. Just wait, alts are not dropping at light speed, some are growing and this is good sign the BTC bottom is near. Hold tight. Once this is done, we are going up.

Suhulo Updated 

The triangle was broken and now on the way to test lower support at 2,03-1,88usd. All driven by BTC now, if BTC falls lower the probability of upward momentum grows and might be very quick for whole market. I´d avoid any short positions and rather DCA on the way down.

Suhulo

Well known crypto bull Michael Saylor and his Microstrategy. Here we are, approaching demand zone as BTC drops. We are early here but keep an eye on it for later entry or DCA on the way down.

Suhulo

Good entry point if you think long-term solana based ecosystems are the ones you want to keep on your portfolio.

Suhulo

SOL returned to demand zone. This is good entry point as this chain has huge future potential thanks to it´s performance.

Suhulo

BTC saw pre-Trump pump in Nov 2024, return to this zone is the most probable scenario I see now.

Suhulo

Cake currently sitting at 0,618 fibo retracement 2,316usd from recent local high 3,4usd. This support holds strong for now. Possible breakout from triangle will lead to new uptrend with target 5,187usd. Breaking down will lead to lower support 2,016usd.

Suhulo Updated 

There is not much space left to balance the tip of BTC price. Breakout should follow soon. The market is looking for upward momentum but still struggling. Let´s see how it plays out.

Suhulo

Not much to say here, want to highlight two points. Price is being attracted to huge FGV areas created by panic sell-offs, the second, massive sell orders at 1,2usd indicate overleveraged positions were closed by margin calls removing possible sell-offs later at higher prices. Cake fell much more than other coins, hope we can pickup soon as the platform is one...

Suhulo

Low volume above current price can trigger the hyperbolic run very quickly as every big purchase has no selling counterpart pushing it down. Historically we know this is not the new ATH for next 4 years, one more push to 140-160k and then bear market will follow.

Suhulo

Cake is approaching the nearest resistance level around 2usd, needs to be broken and become support so wait for break out and then one leg down to settle down at this support. Market conditions positive, altseason outlook promising. Keep in mind price below this demand zone, below 1,8usd can trigger depression and sell-off. For now holds steady even btc dropping...

Suhulo

Cake touched the nearest demand zone and bounced back as BTC sell-off was intensive but short. Might be re-visiting this zone and even lover to 1.664. All depends on the general market condition and mood. The altcoin season is slowly approaching. This time it takes BTC dominance to climb higher much longer due to competitors among alts and general world economy...

Suhulo

BTC is oscillating between several smaller demand zones. Two bigger demand zone in blue, the rejection on double top needs to be broken. Most probable scenario is return to higher demand zone if broken return to the stronger long-term base 90-92k.

Suhulo

Volume profile shows super low trading volume below current levels. Several small bounces from 2.06usd. Strong low, Equal lows and demand zone accross several timeframes pointing to this same price acting as a support level.

Suhulo

Cake 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...

Suhulo

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...

Suhulo

Much work was done to remedy the inflation from an unsustainable 60-80% to 3-4%. CAKE is now burning more than emitting which makes this token technically deflationary even if there is still emission running at a rate of 1.45cake per block which is 1/10 of what we saw in previous months. From oversold area now rising with impressive volume back to live. It entered...