$CAKE is trading around $2.366, down –2.35%, after a sharp rejection near the $2.45 zone — a key resistance aligned with the EMA99 (2.363).

🔍 Chart Breakdown (4H):

• Strong bounce earlier from $2.201, but momentum faded fast

• EMA7 (2.375) now crossing below price — early weakness

• EMA25 (2.359) acting as support, but not convincingly

• EMA99 remains overhead resistance → trend still not bullish

• Recent candle structure shows selling pressure returning

📌 Key Levels to Watch:

Support: $2.32 – $2.25 – $2.20

Resistance: $2.38 → $2.45 (major), break above = trend shift

CAKE

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