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CAKEUSDC

PancakeSwap Ready for a Major Rally!CAKE is showing strong signs of a potential long-term breakout after consolidating inside a symmetrical triangle pattern for nearly two years. The price recently broke above the mid-term resistance trendline, supported by increasing volume and a solid weekly close above the 50 and 100-week moving averages. Technical Highlights: 🔷 Pattern: Symmetrical triangle formation in the weekly chart 🔷 Trend Confirmation: Price reclaiming above 50 and 100 EMA 🔷 Volume Profile: Strong accumulation between $1.8–$2.5 zone (visible on VPVR) Target Zone 🟢 TP 1: $8.00 – $9.00 🟢 TP 2: $12.00 – $14.00 🟢 TP 3: $20.00 – $23.00 Bullish – Breakout confirmation on higher timeframes could initiate a strong mid-term rally toward TP2–TP3 levels. Cheers Hexa Disclaimer: This analysis is for educational purposes only and not financial advice. Always DYOR and manage risk responsibly.
Long
by HexaTrades