Technical analysis by srmustafabas about Symbol CAKE: Buy recommendation (2/8/2025)

CAKE just bounced off a long-term support level dating back to 2020, and the RSI is flashing a subtle bullish divergence—suggesting this could be the final dip before a reversal. Historically, CAKE has moved in sync with BNB, and with the broader market heating up, this could be a prime setup for a massive upside move. If momentum kicks in, we could be looking at a potential 10x rally from here. However, bulls need to defend this zone; a daily close below $1 would invalidate this setup and signal deeper downside risk. Keep an eye on volume and market sentiment—if we see strength building, this could be the beginning of a major comeback for CAKE.