$CAKE Long Liquidation: $6.10K at $2.84312

$CAKE bulls just took a hit as $6.10K worth of longs were liquidated at $2.84312, driving the price lower and giving bears the upper hand.

Momentum has shifted downward, testing critical support levels.

Key Levels to Watch

Resistance: $2.88 - $2.90 (key zone for bulls to reclaim for a recovery attempt)

Support: $2.80 - $2.83 (must-hold zone; a break here could trigger further selling pressure)

What’s Next?

If bulls can reclaim $2.90, a relief rally toward $3.00 is possible, signaling renewed optimism.

However, losing the $2.80 support could pave the way for a drop toward $2.75, where buyers may cautiously re-enter.

Will the bulls stage a comeback, or are bears eyeing lower targets?

$CAKE Stay vigilant!

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