$CAKE is igniting a massive bullish reversal as it breaks out from a tight accumulation zone, currently trading at 1.859 USDT with a strong 3.80% intraday surge. The 1-hour chart reveals a classic double-bottom recovery, successfully reclaiming the 1.840 support level after a period of intense compression. With 24-hour volume hitting 2.94M CAKE and PancakeSwap’s recent launch of the zero-fee Probable prediction market on BNB Chain, fundamental utility is skyrocketing alongside price action. Momentum indicators are screaming buy as the token eyes a breakout above the 1.883 local high, setting the stage for a potential run toward the 2.13 resistance zone. Traders are watching closely as the Altcoin Festival gains steam and CAKE’s deflationary burn mechanisms tighten the supply, making this a high-conviction setup for those looking to ride the next DeFi expansion phase.

CAKE
CAKEUSDT
1.8345
+2.25%