$CAKE CAKE/USDT: 3 Reasons Why Smart Money is Moving In Today
PancakeSwap ($CAKE) is no longer just a "meme" DEX. It’s a deflationary powerhouse currently showing strong bullish signals in the $2.00–$2.05 range.
1️⃣ Deflationary Mastery: With an 8.19% net burn already achieved, CAKE is entering a "scarcity phase."
2️⃣ Institutional Interest: Volume is surging as liquidity providers flock to the new v4 Hooks architecture for 30-40% better efficiency.
3️⃣ Technical Setup: RSI is climbing out of the "oversold" zone, and we are holding steady above the 50-day EMA.
My Move: I’m looking to long the dips toward $1.98 with a view of $2.30 by the end of the month.
CAKEUSDT
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1.8725
-2.29%