CAKE/USDT 4H Technical Outlook 🚀
🎯 Price Action:
Current Price: $3.36
Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705)
This area is acting as a strong demand zone.
Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level).
📈 Expected Scenario:
If the support zone holds, the price may first test $3.55.
A breakout above this level could lead to $4.58.
Breaking $4.58 opens the door for targets at $5.14 - $5.86.
⚠️ Key Levels to Watch:
If the support fails, the next zones to watch are $2.95 and $2.52.
RSI is showing signs of recovery, but increased volume is needed to confirm momentum.
📊 Summary: CAKE is gathering strength at key support and could trigger an upward move.
#CAKE #Crypto #Altcoin #TechnicalAnalysis 🚀
🎯 Price Action:
Current Price: $3.36
Support Zone: $3.13 - $3.31 (Fibo 0.618 - 0.705)
This area is acting as a strong demand zone.
Resistance Levels: $3.55 (Fibo 0.5) and $4.58 (Key resistance level).
📈 Expected Scenario:
If the support zone holds, the price may first test $3.55.
A breakout above this level could lead to $4.58.
Breaking $4.58 opens the door for targets at $5.14 - $5.86.
⚠️ Key Levels to Watch:
If the support fails, the next zones to watch are $2.95 and $2.52.
RSI is showing signs of recovery, but increased volume is needed to confirm momentum.
📊 Summary: CAKE is gathering strength at key support and could trigger an upward move.
#CAKE #Crypto #Altcoin #TechnicalAnalysis 🚀
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