$CAKE /USDT is currently trading at 2.309 USDT or Rs647.67, showing only a marginal slip of -0.35% in the last 24 hours — indicating a completely stable movement. Market sentiment seems neutral to slightly bullish, as the price has crossed MA(7) and MA(25) while maintaining the possibility of an uptrend.
Strong support is visible in the 2.302-2.305 area, where heavy volume is accumulating on the bid side. On the upside, immediate resistance is at 2.315-2.317, where selling pressure is evident. If this level breaks, the next target could be up to 2.320-2.325.
Focusing on the order book, buying dominance is clear — 69.69% bids vs 30.31% asks, confirming the strength of buyers. Volume is slightly low, but momentum is gradually building.
Overall, CAKE is in a consolidation phase, but the structure is bullish. A breakout above 2.315 could start the next leg. Be patient and wait for a volume surge!
