2025-11-24 12:48:38

CAKE/USDT technical setup worth watching here.

Price action is defending that green demand zone sitting around the $2.20 mark. Still trading within the confines of a descending channel though.

Key level to monitor: a breakout above the channel resistance could flip the momentum. Until then, bears maintain structural control.

CAKE-0,95%

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MetaNomad

· 2025-11-25 20:12

2.2 This position is indeed interesting, we need to see if it breaks the upper channel.

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RugpullTherapist

· 2025-11-25 18:42

2.20 This key level is being defended quite tightly, it all depends on whether it can break through the channel pressure... For now, it's still the short positions that have the final say.

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GasFeeNightmare

· 2025-11-24 23:10

$2.20 Can this defense line hold? I'm really curious, if it breaks through the upper resistance, will the gas fee instantly go To da moon... Forget it, it's late at night, better not overthink it, let's look at the data first.

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WalletDetective

· 2025-11-24 13:18

The 2.2 support level is being firmly defended. If it doesn't break, it feels like the market will continue to fluctuate...

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MissedAirdropBro

· 2025-11-24 13:17

2.2 This key level must be held, otherwise it will continue to fall.

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LayerHopper

· 2025-11-24 13:11

We definitely need to keep an eye on that position at 2.20 to see if it can break through the channel resistance.

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GasFeeLady

· 2025-11-24 13:07

nah the $2.20 hold is giving false hope imo... gwei watching these channel breaks is like frontrunning ur own portfolio lol. bears got this locked down till proven otherwise fr

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ProbablyNothing

· 2025-11-24 12:56

2.2 is holding up quite well, now it’s just a matter of whether it can break above that line.

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