CAKE’s Multi-Year Breakout Setup: Is $38 the Next Big Target?

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

Technical View:
▪️ Price testing resistance trendline – breakout confirmation awaited.
▪️ Strong support established near $2.00 zone.
▪️ Holding above this support keeps structure bullish.

Upside Targets:
Resistance 1: $9.30
Resistance 2: $18.71
Resistance 3: $38.41

Bias: Bullish
Strategy: Accumulation near support and breakout retest zones. Potential for step-by-step liquidity grabs toward higher levels.

#Crypto #Altcoins #Pancake #CAKE @PancakeSwap