$CAKE

/USDT Technical Analysis – Eyeing Key Targets 🎯

CAKE is showing bullish momentum, trading at $3.17, up +22.35% in the last 24 hours. With rising volumes and a breakout from recent lows, the chart highlights promising targets for traders:

🎯 Target 1: $3.40

The first resistance zone. Breaking this level could confirm sustained bullish sentiment, paving the way for further upside.

🎯 Target 2: $3.70

A key mid-term target. Achieving this level would signify strong market confidence and increased buying activity.

🎯 Target 3: $4.00

The psychological barrier. If CAKE hits this level, it could signal a major bullish breakout, drawing significant attention from the crypto community.

Support Levels:

Immediate support: $3.00

Strong base: $2.75

Indicators:

RSI suggests the asset is nearing overbought territory.

MACD shows growing bullish momentum.

Keep an eye on these levels and trade with caution. Follow Binance for the latest market insights!