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๐ŸŽฏ $CAKE /USDT 4H Technical Analysis โ€” PancakeSwap Eyes a B

CryptoPotato

Updated at: a day ago

{"content":"๐ŸŽฏ $CAKE /USDT 4H Technical Analysis โ€” PancakeSwap Eyes a Breakout? PancakeSwapโ€™s 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. ๐Ÿง  Key Technical Insights: ๐Ÿ”น EMA Compression Completed: Price is now above all major MAs: โ€ƒโ€ƒโ€ข MA7: 2.450 โ€ƒโ€ƒโ€ข MA25: 2.393 โ€ƒโ€ƒโ€ข MA99: 2.440 Bullish alignment is forming โ€” especially with MA25 and MA99 flattening and beginning to curl upward. ๐Ÿ”น 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. ๐Ÿ”น Support Structure: Immediate support: $2.44โ€“2.45 (EMA cluster) Key base: $2.36, holding as higher low since June 1st ๐Ÿš€ Upside Targets if Breakout Holds: $2.56โ€“2.58: Minor resistance (recent wick highs) $2.68โ€“2.75: Clean extension zone from previous breakout โš ๏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. ๐Ÿ’ฌ 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. โš ๏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}

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