๐ฏ $CAKE /USDT 4H Technical Analysis โ PancakeSwap Eyes a B
CryptoPotato
Updated at: a day ago
{"content":"๐ฏ $CAKE /USDT 4H Technical Analysis โ PancakeSwap Eyes a Breakout?
PancakeSwapโs native token CAKE is pushing into resistance at $2.48โ$2.50, threatening to break a multi-day consolidation range. With EMAs lining up favorably, a trend shift may be cooking โ and traders are starting to take notice.
๐ง Key Technical Insights:
๐น EMA Compression Completed:
Price is now above all major MAs:
โโโข MA7: 2.450
โโโข MA25: 2.393
โโโข MA99: 2.440
Bullish alignment is forming โ especially with MA25 and MA99 flattening and beginning to curl upward.
๐น 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 $2.70โ$2.75.
๐น Support Structure:
Immediate support: $2.44โ2.45 (EMA cluster)
Key base: $2.36, holding as higher low since June 1st
๐ Upside Targets if Breakout Holds:
$2.56โ2.58: Minor resistance (recent wick highs)
$2.68โ2.75: Clean extension zone from previous breakout
โ ๏ธ Risk Levels:
Breakdown below $2.44 would put pressure back on bulls.
Failure to break $2.50 resistance may trigger short-term range chop.
๐ฌ Summary:
CAKE is primed for a breakout โ 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.
โ ๏ธ DYOR โ Do Your Own Research.
This is not financial advice. Markets can be volatile โ always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/05/2402af4b5dbf48929c949a02722bd244.png"],"tags":[],"tradingPairs":["CAKE/USDT"],"quotearticleid":0}