$CAKE /USDT Market Update 📉
CAKE is gradually moving downward, currently trading at 1.234. The price is showing slow bearish momentum, indicating mild selling pressure in the market.
🔎 Market Structure
• Current Price: 1.234
• Trend: Slow bearish
• Momentum: Gradual downward movement
📍 Key Levels
Support Zone: 1.23 – 1.22
Resistance Zone: 1.24 – 1.25
🎯 TP1: 1.23
🎯 TP2: 1.21
❌ SL: Above 1.25
Price is moving slowly lower; traders can monitor for confirmation before taking short positions or waiting for a potential bounce.
CAKEUSDT
Perp
1.3006
-3.84%