$CAKE USDT (Perpetual) Market Overview — April 4, 2025
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Current Price: $1.7925
▼ -1.86% — Bearish Pressure Continues
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24h Range:
High: $1.8644 → Resistance
Low: $1.7718 → Strong Support
24h Volume:
CAKE Volume: 11.14 Million
USDT Volume: 20.29 Million
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Moving Averages:
MA(7): $1.7939 → Near Current Price
MA(25): $1.8021 → Resistance Zone
MA(99): $1.8211 → Major Resistance
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Key Price Levels:
Resistance:
$1.7939 → MA(7)
$1.8021 → MA(25)
$1.8211 → MA(99)
$1.8644 → 24h High
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Support:
$1.7925 → Current Price
$1.7875 → Minor Support
$1.7718 → Strong Support / 24h Low
$1.7671 → Breakdown Level
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Trading Strategy Ideas:
Bearish Bias — Sell on Bounce
Short Entry: $1.8021 - $1.8211
Target: $1.7875 → $1.7718
Stop-loss: Above $1.8283
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Scalping Long (High Risk Zone)
Long Entry: $1.7718 - $1.7671
Target: $1.7939 → $1.8021
Stop-loss: Below $1.7671
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Breakdown Strategy
Short Entry: Below $1.7671
Target: $1.7500 → $1.7300
Stop-loss: Above $1.7718
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Market Sentiment:
→ Bearish Dominance
→ Price struggling below MA(25) & MA(99)
→ $1.7718 is key support — if lost, next big drop likely
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