🚀 Binance Market Update – Top Movers! 🔥
CAKE, EIGEN & USTC Gaining Strong Momentum!
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$CAKE /USDT – $2.780 (+12.23%)
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$EIGEN /USDT – $1.788 (+11.96%)
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$USTC /USDT – $0.01965 (+10.15%)
Market Overview & Trends
CAKE continues its bullish run with a 12.23% gain, while EIGEN and USTC also show double-digit increases. Traders are eyeing further upside if momentum sustains.
Technical Analysis & Key Levels
CAKE/USDT
🔹 Support: $2.600, $2.500
🔹 Resistance: $2.900, $3.000
📌 Signal: Bullish – Breakout above $2.900 could push towards $3.200.
EIGEN/USDT
🔹 Support: $1.700, $1.650
🔹 Resistance: $1.850, $2.000
📌 Signal: Bullish – Strong buying pressure could drive it past $2.000 soon.
USTC/USDT
🔹 Support: $0.01850, $0.01780
🔹 Resistance: $0.02050, $0.02200
📌 Signal: Bullish – If it holds above $0.02000, further upside is expected.
Trading Strategy
📌 Long (Buy) Entry: Look for pullbacks near support with volume confirmation.
📌 Short (Sell) Entry: If prices reject key resistance levels with high selling volume.
📌 Risk Management: Use Stop-Loss 3-5% below entry to limit risk.
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