$CAKE
is currently in an important support block.
🟠If this level is lost, there is a high probability of a decline to $1.
Purchases in recent days are appearing, but:
🟡the price is below all EMAs — the trend remains weak;
🟡main volumes were at higher prices;
👉 Possible growth — more likely a local bounce rather than a reversal.
The base scenario — a decline of CAKE to $1.
As long as the price is below the EMA and without volumes, sustainable growth is not expected.
Are there other opinions❓
is currently in an important support block.
🟠If this level is lost, there is a high probability of a decline to $1.
Purchases in recent days are appearing, but:
🟡the price is below all EMAs — the trend remains weak;
🟡main volumes were at higher prices;
👉 Possible growth — more likely a local bounce rather than a reversal.
The base scenario — a decline of CAKE to $1.
As long as the price is below the EMA and without volumes, sustainable growth is not expected.
Are there other opinions❓