CAKE/USDT Multi-Year Breakout Setup: Is $38 the Next Big Target?



$CAKE is approaching a multi-year trendline breakout after consolidating in a wedge since 2022.

Key support: $2.00
Breakout above resistance opens macro upside
Targets: $9.3 → $18.7 → $38.4

Structure remains bullish as long as $2 holds.

@PancakeSwap
CAKE7.58%
MULTI3.28%
IN2.55%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)