The current bottom and support range is the same one that was first activated in June 2023. This range is almost three years old and it never fails to signal the start of a bullish period.
Since all the previous occasions this support was activated in the past three years we only witness a mild bullish wave, this time around we can see the start of a new market cycle. The whole period from October 2023 through February 2026 has been consolidation within a wide range. This phase is reaching its end.
Since October 2023 CAKEUSDT has been printing higher lows. This week is the last week with extremely low prices. After the bullish move starts, they will be gone for a very long time. This is the last chance.
Higher lows sequence: October 2023 at $1.05 » February 2025 at $1.11 » February 2026 at $1.17.
The previous two bullish jumps reached around 400% growth. There is a scenario where this same pattern is repeated again before the start of a new market cycle. That would be the continuation of the long-term consolidation period.
The more appealing scenario, after almost three years of sideways, the upper-resistance of the sideways market breaks and we see a strong higher high, like all those projects that grew strongly in the past 6 months.
PancakeSwap Token is trading at bottom prices and ready to grow. A conservative but strong target sits at $17.5 for 1,182% profits potential. There can be many stops along the way.
To reach this target, it can take months, so we can expect volatility, corrections, squeezes and retraces along the way.
Only two weeks ago we witnessed the final low. CAKE is now ready for massive growth.
We are looking at the best possible scenario, prices are really low. Bargain prices. The best possible. The first move can produce 100% to 200% within days. Then it grows slowly but the action at first tend to be wild.
Notice the first green candle after each test of long-term support. It is always the biggest candle.
Namaste.
✅ Trade here on $CAKE
