$CAKE | Volume Spike or Real Breakout?
š„ $CAKE just saw a volume spikeābut resistance hasnāt broken yet.
The latest completed 1H candle closed at $2.317 after testing $2.330. Volume reached 95,451 CAKE, nearly 1.94x the previous 20-hour average.
Hereās the catch: price still hasnāt cleared the nearby $2.335 high.
A sustained move above that level would strengthen the recovery case. Falling back below $2.294 would suggest the bounce is losing momentum.
One strong candle can attract attention. Follow-through is what makes the difference.
Would you trust this volume spikeāor wait for stronger confirmation? š
$CAKE #PancakeSwap #altcoins #TechnicalAnalysis
š„ $CAKE just saw a volume spikeābut resistance hasnāt broken yet.
The latest completed 1H candle closed at $2.317 after testing $2.330. Volume reached 95,451 CAKE, nearly 1.94x the previous 20-hour average.
Hereās the catch: price still hasnāt cleared the nearby $2.335 high.
A sustained move above that level would strengthen the recovery case. Falling back below $2.294 would suggest the bounce is losing momentum.
One strong candle can attract attention. Follow-through is what makes the difference.
Would you trust this volume spikeāor wait for stronger confirmation? š
$CAKE #PancakeSwap #altcoins #TechnicalAnalysis