Technical analysis by Richtv_official about Symbol CAKE on 12/31/2025

CAKE is currently consolidating after a sharp 28% drop earlier in December, setting the stage for potential liquidity sweeps and reactive plays. 🔼 Upside Scenario Stop Hunt Setup: Price is pushing toward stops above the Dec 29 high at $1.920. A sweep here may provide bulls a clean exit or set up a reversal. Key Resistance: Watch the $1.9775 level – the top of the unfilled bearish daily gap from Dec 17, aligned with the 18-day EMA, creating technical confluence. Extended Bull Case: If momentum continues and BTC stays strong, price may target the Dec 15 gap at $2.0843. This zone marks the next major upside liquidity area. 🔽 Downside Scenario / Support Zones Immediate Support: Around $1.8665, particularly if Monday’s low holds above Saturday’s high, forming a bullish daily gap. Rejection Zone: Multiple bearish rejections since Dec 20 reinforce this support area. Deeper Pullback: Equal lows at $1.7890 and $1.7670 could become bearish targets. $1.7943 (Dec 18 rejection) may act as a reaction level for bulls. Below $1.7670, next structural supports are weak until $1.7200 and $1.7000, which are psychological levels where bulls may step in.