Someone call the police because CAKE has been killing it and it does not want to stop.
As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds.
CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down.
At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B).
Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools.
The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising.
There's plenty of CAKE so come get a slice!
BINANCE:CAKEBUSD
As the premier DeFi project on the Binance Smart Chain, CAKE has been growing in leaps and bounds.
CAKE already hit the $38 dollar target and appears to have another 2x or 3x in it before it slows down.
At the time of writing CAKE is sitting at a market cap of 6.4B dollars. I expect it to quickly catch the likes of LINK (14B) and UNI (21B).
Looking at the technical the RSI is still looking really good. During it's first pump in February it reached RSI levels in the 90s three seperate times before price action finally started to fall. I also don't see a rapid crash in the price of CAKE given all the CAKE currently accruing interest in liquidity pools.
The price looks to be moving within a pretty tight parallel channel. If it stays within this channel we can see it hitting 56 within the next week or 2 or even 90 by the end of May. A break above the channel could have us flying into the stratosphere and 127 would not be surprising.
There's plenty of CAKE so come get a slice!
BINANCE:CAKEBUSD
