The post CAKE Technical Analysis Feb 18 appeared on BitcoinEthereumNews.com.

CAKE is maintaining its dominant downtrend structure among altcoins; weak momentum continues with recent LH/LL patterns. Unless a structure break (BOS) occurs above $1.38 or below $1.18, the current bearish scenario will remain dominant. Market Structure Overview CAKE’s current market structure indicates a clear downtrend. The price has reinforced its bearish character by exhibiting lower highs (LH) and lower lows (LL) formation in recent weeks. The current price is trading at the $1.29 level, with a 24-hour change of -1.60%. This structure is supported by a total of 11 strong levels across 1D, 3D, and 1W timeframes; distributed as 5 supports (S) and 6 resistances (R) (1D: 2S/3R, 3D: 1S/2R, 1W: 2S/4R). Supertrend is giving a bearish signal, and the short-term bearish bias remains valid as long as the price stays below EMA20 ($1.43). Although RSI at 30.70 is near oversold territory, the overall structure confirms the downtrend despite the positive histogram in MACD. Market structure analysis requires monitoring LL breaks for trend continuation and HH/HL formations for reversal. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, the formation of higher highs (HH) and higher lows (HL) patterns is essential. Currently, there is no upward revision from CAKE’s last swing low at $1.2840; the price is stuck around $1.29. The positive MACD histogram and RSI holding above 30 may offer short-term HL bounce potential. However, for a true bullish structure, the price needs to break the $1.3025 swing high, reach $1.3805, and form a new HH. If this level is broken, targets of $1.4355 and ultimately $1.8026 could come into play (though low-scoring). For now, these signals are weak; a close above EMA20 is required. Downtrend Risk The downtrend is dominant: The LH/LL structure is clear in recent periods. For example, a lower $1.3805 LH formed from the…

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Filed under: News - @ February 19, 2026 2:26 am