#CAKEUSDT $CAKE

Analysis of CAKE/USDT – Update June 16, 2025 (Timeframe 4 Hours)
Current price: $2.3209 (-1.84%)

✅ Potential Buy Zone (Entry Spot)
• Buy Area: $2.20 – $2.30
• Strong support: $2.2145 (local low)
• Psychological support: $2.00

🎯 Sell Target (TP Spot)
• TP 1: $2.36 – $2.40 (EMA & nearest resistance)
• TP 2: $2.58 – $2.60 (previous level rejection)
• TP 3: $2.90 – $2.94 (last peak)

🔍 Technical Indicator:
• MACD: still below zero → light bearish signal
• RSI 24: 58.22 → still neutral towards overbought
• Stoch RSI: 0.69 → starting to rise but not overbought
• EMA 5, 10, 30: starting to converge → accumulation signal or potential reversal if volume increases

Conclusion:

CAKE/USDT is in a consolidation phase after a sharp decline. It is currently in the support zone with selling pressure weakening. This could be an opportunity to buy on dip, with a tight stop loss below $2.20. Upward momentum could be reestablished if it can break through $2.36 with strong volume.
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