$CAKE price has seen a strong upward movement, currently trading at 2.564 after reaching a high of 2.735 in the 24-hour period. This suggests significant bullish momentum in the short term.

The Stochastic RSI is at 94.286, which indicates overbought conditions. It suggests that the upward movement might slow down or face resistance soon.The RSI is at 81.217, also in the overbought region (above 70). This further signals the possibility of a correction or consolidation in the near term.If the bullish momentum persists, a breakout above 2.735 could drive the price towards the next resistance at 2.90.