Technical analysis by CryptoAnalystSignal about Symbol CAKE: Buy recommendation (5/29/2025)

#CAKEThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 2.65.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 Moving Average.Entry price: 2.72First target: 2.82Second target: 2.92Third target: 3.06