Expert Opinion: Bullish on $CAKE

CAKEUSDT is exhibiting a classic cup and handle pattern on the 4-hour chart, suggesting potential bullish continuation. This pattern has developed over several weeks, showing strong accumulation and repeated testing of resistance, with increased volume confirming the breakout.

Cup Formation: The rounded bottom pattern from the $1.82 support area to the $4.30 resistance indicates healthy accumulation and stable recovery.

Breakout Confirmation: The price successfully broke through the $4.30 resistance accompanied by significant volume, indicating that the cup and handle pattern has entered the handle stage.

Handle Target: A pullback (handle) may retest the $3.27-$3.50 range before continuing to rise. This range provides a good entry point for buyers. #内容挖矿