$CAKE /USDT Analysis: Short-Term Volatility & Strong Gains! ๐Ÿ”ฅ๐Ÿ“Š

Current Price: $4.04 (+27.65%)

Key Data:

24h High: $4.515

24h Low: $2.950

24h Volume (CAKE): 47.60M

24h Volume (USDT): 180.26M

๐Ÿ“ˆ Recent Performance:

4-Hour Chart: CAKE is currently trading at $4.044, showing a slight drop of -1.10% from the high of the day. The price has retraced from the $4.50 zone, which is a key resistance level.

SMA 9 Volume: Trading volume has cooled off with 1.414M volume over the past 4 hours.

๐Ÿ”ฎ Short-Term Observations:

Volatility: Expect further short-term fluctuations, especially near key levels ($4.50 and $3.50). If CAKE fails to hold above $4.00, it could revisit the $3.50 range.

Support: Watch for a possible bounce near $4.00 and $3.50. A break below $3.50 could signal deeper retracement.

Resistance: If CAKE regains momentum and breaks above $4.50, we could see a push towards $5.00.

๐Ÿš€ Long-Term Momentum:

7 Days: +22.66%

30 Days: +57.60%

90 Days: +155.79%

1 Year: +69.63%

๐Ÿ’ฌ Strategy:

Entry Zone: $4.00โ€“$4.10 for potential bounce trades.

Targets: $4.50, $5.00 for potential profits.

Stop Loss: Below $3.50 for risk management.

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