CAKE drops 10.17% to $1.84, tests $1.83 support
- —Daily volume of $65.04M was 59.85% above the 30-day average
- —RSI at 27.8 and stochastic at 2.2% show oversold conditions without a reversal signal
- —Price is below the 7- to 90-day SMAs but above the 200-day SMA at $1.70
- —CAKE is down 28.91% over 30 days and 13.02% over seven days
Why it matters: The drop reflects broad altcoin risk-off sentiment driven by hawkish Fed messaging and hotter PCE inflation data.
Source: DiarioBitcoin