- CAKE approaches notable resistance after defending a compressed structure, with traders watching for continuation as volume increases across key intraday levels.
- The demand zone near 2.00–2.15 supports structure on the daily chart, offering a potential path toward 3.00 and possibly higher ranges.
- Market cap swings from 680M to near 850M show renewed activity, supported by strong buying pressure and rising volume across the final trading sessions.
CAKE traded within a compressed structure as traders monitored fresh momentum signals and the defense of a major demand zone. Price movement remained active across lower and higher timeframes, creating renewed interest after a volatile week.
Breakout Attempts Shape Short-Term Outlook
CAKE has formed a descending wedge on the 4-hour chart shared by ZAYKCharts. The setup showed price pressing toward the upper boundary after a bounce from support near the lower trendline.
The projection suggested a possible 50–60% move if buyers secured a clean breakout.Volume confirmation remained central to this wedge setup.
A breakout required sustained buying above the resistance line, as repeated rejections could return price toward the support region. The chart illustrated tightening movement as volatility declined near the apex.
Traders noted that extended selling pressure may have eased. This allowed a potential shift toward upward continuation if a strong breakout candle formed. Market participants continued watching short-term reactions as price approached the resistance zone.
Daily Structure Holds as Traders Monitor Key Levels
CAKE maintained structure near 2.326 on the daily chart while traders assessed paths toward either 4.000 or 1.500. The setup displayed higher lows that supported the bullish case, with attention on a break above 2.375.
A bullish arrow projection suggested continuation if momentum stayed intact.The demand region between 2.00 and 2.15 acted as a buffer.A push above 2.40 offered a possible move toward 3.00 and then 3.50–4.00.
A breakdown remained possible if buyers failed to defend the area.A drop toward 1.50–1.60 carried risk of deeper extension, driven by lower liquidity and stop orders. Candle closes around support guided sentiment during this phase.
Volume Spike and Market Cap Swing Add Context
Short-term volume exceeded 30M USDT in under two hours, pointing to active buyers.This push resembled a previous move from 2.10 to 2.76. The upper Bollinger Band for follow-through as CAKE tested near-term momentum conditions.
Market participants considered quick trades where volatility remained elevated.A seven-day market cap chart from CoinGecko showed a sharp dip toward 680M before a fast rebound above 750M.
A sudden spike touched about 850M before stabilizing near 770M–790M. Rising volume supported the recovery phase and pointed to renewed engagement within the market.
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