Will Cake’s 25% drop unlock the path to $1.20?Hello and greetings to all the crypto enthusiasts, ✌
Let’s dive into a full analysis of the upcoming price potential for Cake 🔍📈.
Cake, unlike its competitors, exhibited limited growth during the previous market surge and swiftly lost those gains. At present, the price is positioned at the upper boundary of a descending channel. A minimum decline of 25% is anticipated, aiming to reach its crucial monthly support level. This correction is essential for achieving the primary target of 1.20. The current market dynamics suggest that further downward movement is likely before any potential recovery.📚🙌
🧨 Our team's main opinion is: 🧨
Cake lagged behind competitors in the last market rally, quickly lost its gains, and now sits at the top of a falling channel, with a likely 25% drop ahead to hit key support at 1.20.📚🎇
Give me some energy !!
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Cheers, Mad Whale. 🐋