zaviyaranalysis

⚠️ Breaking Update:
CAKE/USDT Daily Analysis | Key Levels & Market Outlook

Current Price: $2.329
24h Change: +4.96%
24h High / Low: 2.353 – 2.201

24h Volume: 13.07M USDT

📈 Market Overview

CAKE has been showing a strong recovery intra-day, rebounding from the recent pullback zone near $2.20, creating a green candle on the daily chart. This indicates that buyers are stepping in again after a sharp correction from the $2.79 local high.

The broader trend is still showing volatility in the short term, but bulls are trying to regain control after CAKE printed a strong reversal wick around $1.969, which for now acts as a major support floor.

✅ Key Technical Levels

🔴 Resistance Levels:

$2.35 – Current 24h high and immediate resistance

$2.47 – $2.65 – Strong mid-range resistance block

$2.79 – Most recent swing high (major breakout level)

🟢 Support Levels:

$2.20 – Key daily support

$2.00 – $1.97 – Strong demand zone

Holding above these levels keeps bullish structure forward.

📈 Trend Structure:

Following the rejection around $2.79, CAKE entered a corrective phase.

The price successfully created a higher low at $1.969, which indicates that buyers are defending long-term support.
Today's bounce shows renewed momentum, with reclaiming $2.35 possibly opening the door for a move back toward $2.47-$2.55.

🟢 Bullish Scenario:

If CAKE closes above $2.35, momentum could build toward:

$2.47 → $2.55 → $2.65

The breakout above $2.79 could make the mid-term structure fully bullish.

🔴 Bearish Scenario:

Failure to hold above $2.20 may trigger a retest of: $2.00 $1.97 major support, which has held previously. A breakdown below $1.97 might invalidate short-term bullish sentiment.$CAKE
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