Technical analysis by TraderASY about Symbol CAKE: Buy recommendation (2/26/2025)

CAKE/USDT Technical Analysis and Price Targets1. General OverviewThe chart shows the price movements of the CAKE/USDT pair, along with support and resistance levels, volume profile, and swing points. The current price is 2.185 USDT.•Swing High: 4.515 USDT•Swing Low: 1.116 USDT•High Trading Volume Area: Around 2.50 USDTShort-Term (Daily - Weekly)Target: 2.50 - 2.60 USDTReasoning:•There is a high trading volume around 2.50, indicating strong interest in this level. The price is likely to be attracted to this zone.•The 2.00 level is acting as support. If it holds, a short-term rebound towards 2.50 is possible.Risk:•If the 2.00 support level breaks, the price could drop toward 1.80.•The current trading volume is low, indicating weak momentum.Mid-Term (1-3 Months)Target: 3.40 - 3.50 USDTReasoning:•The previous resistance at 3.416 suggests this level is a key area where sellers have been active.•If the price successfully breaks above 2.50, it could gain momentum towards 3.40-3.50.•A positive market sentiment could further support this move.Risk:•If 2.50 is not broken, the price could drop back towards 2.00.Long-Term (6+ Months)Target: 4.50 - 5.00 USDTReasoning:•The Swing High at 4.515 is a major resistance level.•If the CAKE ecosystem and DeFi projects continue to grow, the price could reach this level in the long run.•In a bull market scenario, a move above 5.00 is possible.Risk:•Macroeconomic conditions and the overall crypto market trend need to be positive for CAKE to reach these levels.Conclusion- In the short term, a move toward **2.50