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

Based on the CAKE token’s chart, it can be observed that its price movements are quite channeled and orderly. In November, it broke out of its channel, and recently it has pulled back again to the channel’s upper boundary. Considering the price movement model from October 2023 to February 2025, it appears that its corrective structure has likely come to an end, and we can anticipate price growth throughout 2025.TARGETS: 1- 7.5$2- 10.5$3- 20$4- 27$STOPLOSS: 0.95