🔔 Price of CAKE has increased by 11.83% in the past 24h.
🔸 Price: CAKE, currently at $2.85, has shown an uptrend in the past 24h with a 13.84% increase from 24h low of $2.50.
🔸 Trade Volumes: Increased by 1724.24% from the 7-day low to around $386,917.72. The significant surge in trading volume, rising by 1724.24%, appears to have been a precursor or catalyst to the observed 13.84% uptrend in CAKE's price over the past 24 hours.
🔸 Capital Flows: Decreased from 4,374.37 CAKE in the past 7d to -35,099.12 CAKE, indicating a downtrend. The significant outflow of capital, as indicated by the negative net flow of -35,099.12 CAKE over the past week, contrasts with the recent 24-hour price uptrend, suggesting a potential divergence between short-term price movements and longer-term capital sentiment for CAKE.
🔸 Order Book Depth: The CAKE order book displays a greater sell-side depth with a sum of $60,688.56 compared to a buy-side sum of $53,809.92, potentially indicating a downward pressure on price despite the recent uptrend to $2.85, reflecting a 13.84% increase from the 24-hour low.
📈 Technicals:
🔸 MACD: The MACD's recent bullish crossover and diverging trend from its Signal line suggest accelerating bullish momentum, which corresponds with the observed increasing price trend.
🔸 RSI: The RSI, averaging at 67.42 and maintaining a neutral trend, suggests a cautiously optimistic market sentiment that aligns with the current increasing price trend, indicating sustained buying interest without immediate overbought concerns.
🔸 OBV: The OBV shows an increasing trend alongside an increasing price trend, which reflects continued buying pressure and a bullish market sentiment, reinforcing the positive price movement direction.
🔸 Bollinger Bands: The Bollinger Bands are expanding, signaling heightened market volatility, with the price breaching the upper band six times and not breaching the lower band, indicating a strong bullish trend and possible overbought conditions.
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