If the $CAKE price breaks above $4.515 with increased volume, the next potential target could be $5 or higher. A breakdown below $3.69 could lead to further retracement toward $3.53 (MA 99 support).
Short-term traders can watch for a breakout above resistance, while long-term holders should monitor if the price stays above key support to maintain bullish momentum.
Support and Resistance Levels
Immediate Support: $3.69
This is the nearest support level where buyers may step in if the price pulls back.
Key Resistance: $4.515
The price recently tested this resistance but was unable to sustain above it. A breakout could trigger a further rally.
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