Technical analysis by CryptoAnalystSignal about Symbol CAKE: Buy recommendation (6/5/2025)

#CAKEThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower limit of the channel at 2.29, acting as strong support from which the price can rebound.Entry price: 2.30First target: 2.35Second target: 2.40Third target: 2.46