Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto’s funding rates unveiled an increased bearish edge over the past day.trendline resistance signified a solid growth entailing a spree of higher highs and lows over the last four months.
Despite the selling rebuttals from its immediate resistance barrier, CAKE’s price swayed above the 20 EMA and the 50 EMA to reveal a near-term edge for the buyers. If the buyers fail to defend the vital $4.3-$4.5 range, CAKE could mark a fall toward the $3.7-$3.5 range in the coming sessions. On the flip side, a close above the 200 EMA would depict a strong bearish invalidation by triggering a buy signal.
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