Technical Analysis: $CAKE

/USDT - Targets in Focus 🎯

The DeFi gem PancakeSwap (CAKE) is showing promising momentum! Here's a detailed analysis:

Current Price: $3.242

24H Performance: +20.52%

Volume Surge: 29.21M CAKE (88.37M USDT)

Key Targets 🎯:

1️⃣ Short-Term Target: $3.25

Supported by strong buying interest, with resistance near $3.264 (24H high).

2️⃣ Mid-Term Target: $3.50

Momentum could drive CAKE toward $3.50 if DeFi hype sustains, supported by rising volumes.

3️⃣ Long-Term Target: $4.00

Breaking this level positions CAKE for a bullish trend continuation, possibly fueled by broader market optimism.

Keep an eye on support levels: $3.10 and $2.90, as they could attract new buyers.

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