CAKE has looked asleep for nearly a month ranging between $17 and $21.
Price action is getting squeezed within a few different trend lines at the moment. I believe if it can break above $21 it'll have a shot at reaching it's previous ATHs and possibly higher.
If it stays within this channel it can possibly reach as high as $450 or $500. A nearly 3000% move.
This all depends on BTC continuing upwards or at the very least not crashing. Once BTC is done consolidating though, altcoins will start to explode and CAKE may be one of the sleepers waiting to wake up.
Price action is getting squeezed within a few different trend lines at the moment. I believe if it can break above $21 it'll have a shot at reaching it's previous ATHs and possibly higher.
If it stays within this channel it can possibly reach as high as $450 or $500. A nearly 3000% move.
This all depends on BTC continuing upwards or at the very least not crashing. Once BTC is done consolidating though, altcoins will start to explode and CAKE may be one of the sleepers waiting to wake up.