Technical analysis by CryptoAnalystSignal about Symbol CAKE: Buy recommendation (6/3/2025)

#CAKEThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.35.We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are heading towards stability above the 100 Moving Average.Entry price: 2.38First target: 2.41Second target: 2.45Third target: 2.50#CAKEFirst target: 2.41 ReachedSecond target: 2.45 ReachedThird target: 2.50 Reached