CAKE rallied 34% after hitting the low of 1.38 USD, supported by Bitcoin’s 9.3% increase. The 1.5 USD support is crucial to maintain bullish sentiment, with potential price targets of 2.16 USD and 2.94 USD in sight.
Key indicators reflect increasing buying volume, but further demand is necessary to solidify gains. A bullish shift might occur if the RSI rises above the neutral mark, signaling traders to consider retesting buying zones.
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