Markets· ★★· bearish·

CAKE Plunges 9.51% to $1.89 on Volume 61% Above Average

  • —CAKE trades at $1.89, down 9.51% on the day, intraday low $1.85
  • —Volume hit $64.6 million versus a $40.1 million 30-day average
  • —RSI at 29.4 and stochastic at 9.3 point to oversold without a reversal
  • —7- and 30-day returns at -11.59% and -27.72%, 90-day still +30.08%
Why it matters: Oversold readings could spark a technical bounce, but without a catalyst or derivatives data a sustained reversal looks unlikely.
#CAKE
Source: DiarioBitcoin
More on this
Markets · Oct 12
CAKE Rises 5.38% to $2.33, but Volume Stays 37% Below Average
 Markets · Oct 15
Canton's CC plunges 15% and loses key moving averages on above-average volume
 Markets · Oct 16
CAKE falls 4.63% to $2.20, trades below short-term moving averages