$CAKE /USDT is trading at 2.445, up 5.16% in the last 24 hours. The price range for the day has been 2.262 - 2.489, with a trading volume of 5.27M $CAKE and 12.55M USDT. Market depth shows support at 2.445 and resistance near 2.489.
The positive price movement, coupled with moderate volume, presents potential opportunities for traders to enter positions near support levels or aim for the resistance zone for short-term gains. With strong liquidity and current upward momentum, appears favorable for short-term trading strategies. However, implementing effective risk management remains crucial for optimizing returns.