CAKE drops 9.39% to $2.22 on above-average volume
- —CAKE trades at $2.22, down 9.39% on the day
- —Volume of $69.48 million is 9.96% above the 30-day average
- —Price is below SMA-7, SMA-15 and SMA-30, RSI at 40.6
- —First support at $2.18, resistance at $2.28–2.31
Why it matters: The drop in CAKE on elevated volume reflects broader weakness in DeFi amid an altcoin sell-off.
Source: DiarioBitcoin