Technical analysis by Zorroreny about Symbol CAKE: Buy recommendation (8/1/2025)

CAKE is still in accumulation range. When looking at pattern we see similarities with BTC where CAKE has completed 1st impulse from the bottom and as long as we stay above fibb 0.236 S range we are ready for next impulse moving price higher, going for test of fibb 0.886 range where a bit of consolidation and then wick to new ATH to complete bigger impulse up.