📈 Analysis and Prediction (CAKE and UNI):

👍 CAKE/USDT - Since October 16, the price of #cake has been rapidly rising. This movement led to reaching a peak on November 15 at $2.85, 170% higher than October lows. However, the price failed to sustain the growth and fell below the horizontal area of $2.50, confirming it as resistance. Additionally, the RSI index formed a bearish divergence preceding the price drop. Finally, CAKE broke the short-term ascending support, further supporting previous bearish predictions. If the decline continues, CAKE may fall by an additional 20% towards Fibonacci levels 0.5-0.618 in the range of $1.73-$1.94. Meanwhile, a recovery above the $2.50 resistance area could lead to a 25% price increase towards the next resistance level at $2.85.

🙃 UNI/USDT - Last week, the token broke the descending resistance line, which had been in place for 480 days. Crypto traders and analysts are optimistic about UNI. Forecast: Elliott Wave analysis suggests that the altcoin has completed a five-wave bullish structure and is now poised for a correction. The daily RSI also confirms this possibility by forming a bearish divergence. Thus, if the #uniswap decline continues, the price may drop by an additional 20%, reaching the Fibonacci 0.618 correction level at $4.85. On the other hand, a rise in #uni above the November 24th high of $6.60 would indicate the completion of the correction and could lead to a 25% rally towards the next resistance at $7.60.

💬 Note: The information provided is for educational and informational purposes only and does not constitute financial advice.