Technical analysis by MyCryptoParadise about Symbol CAKE: Sell recommendation (8/21/2025)

Yello Paradisers! Are you watching what’s unfolding on #CAKEUSDT? Because if you’re not, you might get into a trap. Let’s break down #PanCakeSwap setup: 💎#CAKE has been respecting a clean ascending channel since mid-June, riding between dynamic support and resistance levels. However, after multiple rejections from the resistance zone near $3.00–$3.20, momentum has started to fade. The structure is now showing early signs of potential reversal. 💎A clear breakout below the ascending support has just taken place, and this opens the door to a potential bearish leg—especially if we get a successful retest of that broken support, which would now act as resistance. This is a crucial signal that smart traders are watching. 💎The bearish setup invalidation sits above $3.09. Only a clean breakout and hold above this level would invalidate the short bias and reintroduce the potential for a bullish expansion. Until then, the market structure remains vulnerable. 💎Currently trading around $2.63, #CAKEUSD is eyeing the $2.33 support zone. If this level fails to hold, we expect a deeper move toward the strong demand zone at $1.79, which also aligns with key high-volume nodes on the VRVP—making it a magnet for smart money accumulation. Trade smart, Paradisers. This setup will reward only the disciplined. MyCryptoParadise iFeel the success🌴💎Just as predicted! #CAKEUSDT is down a smooth 15.10% and following our predicted path downward. 💎What’s your take on this development? Could we see another breakout soon? Let us know your thoughts below! 👇