Will CAKEUSDT Make a Big Move? A Key Event Can Push Cake Price

14 Haz

Yello, Paradisers! Do you see the potential for a massive breakout in #CAKEUSDT? We have some exciting information that could be vital for the #CAKE movement in the next few days

💎#CAKEUSDT has consistently followed a symmetrical triangle pattern, and right now, we're seeing a bullish double bottom pattern forming at the crucial support zone around $2.29. If the price maintains its momentum, there's a strong possibility of a bullish surge toward the supply area.

💎#PancakeSwap (CAKE) has an upcoming event from June 19 to June 20, 2024. This event could drive demand for #CAKE and associated tokens, potentially causing significant price movement.

💎If #PancakeSwap sustains its momentum, we could see a bullish breakout from the support at $2.29. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $1.91.

💎However, if CAKE break below the strong support at $1.91, it would invalidate the bullish outlook, leading to a significant price drop.

Stay focused, patient, and disciplined, Paradisers. Make sure to keep an eye on these key levels and trade smartly.