CAKE falls 4.63% to $2.20, trades below short-term moving averages
- —CAKE trades at $2.20 after opening at $2.31, down 4.63% on the day
- —Price is below SMA-7 ($2.26), SMA-15 ($2.37) and SMA-30 ($2.46)
- —RSI at 42.5 and bearish MACD offer no reversal confirmation
- —Daily volume of $50.78 million is 17.36% below the 30-day average
Why it matters: Near-term weakness persists; a recovery above $2.25–2.28 would be an early improvement signal, while a break below $2.15 would weaken the recent structure.
Source: DiarioBitcoin