Markets· ★★· bearish·

CAKE drops 8.69% to $2.23, tests $2.19 support

  • —CAKE trades at $2.23 after an 8.69% daily decline
  • —Volume of $59.16 million is 6.37% below the 30-day average
  • —RSI at 41.2 and bearish MACD signal weakness, not capitulation
  • —The $2.19 SMA-50 remains the nearest support level
Why it matters: Holding the $2.19 SMA-50 will determine whether CAKE's correction deepens or a rebound begins.
#CAKE
Source: DiarioBitcoin
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