🎯 $CAKE /USDT 4H Technical Analysis — PancakeSwap Eyes a B
koinmilyoner
Updated at: a day ago
{"content":"🎯 $CAKE /USDT 4H Technical Analysis — PancakeSwap Eyes a Breakout?
PancakeSwap’s native token CAKE is pushing into resistance at $2.48–$2.50, threatening to break a multi-day consolidation range. With EMAs lining up favorably, a trend shift may be cooking — and traders are starting to take notice.
🧠 Key Technical Insights:
🔹 EMA Compression Completed:
Price is now above all major MAs:
• MA7: 2.450
• MA25: 2.393
• MA99: 2.440
Bullish alignment is forming — especially with MA25 and MA99 flattening and beginning to curl upward.
🔹 Cup-and-Handle Vibes:
Price action since May 27 resembles a rounded cup, with current movement forming a tight handle.
Breakout from this pattern could ignite a measured move toward $2.70–$2.75.
🔹 Support Structure:
Immediate support: $2.44–2.45 (EMA cluster)
Key base: $2.36, holding as higher low since June 1st
🚀 Upside Targets if Breakout Holds:
$2.56–2.58: Minor resistance (recent wick highs)
$2.68–2.75: Clean extension zone from previous breakout
⚠️ Risk Levels:
Breakdown below $2.44 would put pressure back on bulls.
Failure to break $2.50 resistance may trigger short-term range chop.
💬 Summary:
CAKE is primed for a breakout — but bulls must flip $2.50 into support. A confirmed breakout could open the door toward $2.70+. Short-term momentum favors upside while structure remains intact.
⚠️ DYOR – Do Your Own Research.
This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/05/2402af4b5dbf48929c949a02722bd244.png"],"tags":[],"tradingPairs":["CAKE/USDT"],"quotearticleid":0}