#CAKE/USDT#CAKE
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.35.
We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are heading towards stability above the 100 Moving Average.
Entry price: 2.38
First target: 2.41
Second target: 2.45
Third target: 2.50
