I noticed that CAKE is holding above $1.50 — an interesting point. The cryptocurrency was above $1.60 just a week ago but has pulled back slightly now. Nevertheless, open interest in futures remains high, indicating that traders are not losing interest in positions.

Technically, everything looks pretty good. The price stays above key moving averages: the 50-day at $1.46, the 100-day at $1.57, RSI on the daily chart shows 64 — not yet overbought, but close. MACD remains positive. Funding rates are also positive, meaning long positions are still in an uptrend.

If we talk about the forecast for CAKE cryptocurrency, the first resistance is at $1.67 — a 50% retracement of the impulse — then $1.78. But if the bears take control, support is at $1.55 and $1.46. A more serious level below is at $1.28.

Overall, the outlook remains bullish, but consolidation needs to be watched. If CAKE maintains its position above $1.55, there’s a chance to recover to $1.70+ — an interesting zone for entry if you’ve been waiting for pullbacks.