The post CAKE Technical Analysis Jan 28 appeared on BitcoinEthereumNews.com.

CAKE is trading at $1.92; it has stabilized just below the primary support at $1.9031, with potential to move toward short-term resistance at $1.9325. The downtrend dominates, but RSI in the neutral zone could signal a recovery. Current Price Position and Critical Levels CAKE is positioned at $1.92 with a slight 0.73% increase over the last 24 hours. The price range is squeezed between $1.88-$1.93, and volume remained at a moderate $12.67M. The overall trend is downward; price is trading below EMA20 ($1.96) and the Supertrend indicator is giving a bear signal ($2.15 resistance). A total of 11 strong levels were identified across 1D, 3D, and 1W timeframes: 2 supports/2 resistances on 1D, 1 support/3 resistances on 3D, 2 supports/2 resistances confluence on 1W. This MTF alignment strengthens the levels. RSI at 44.92 is not approaching oversold territory, showing neutral momentum. Price is seeking a reaction from the $1.9031 support block after the recent down wave; a break below here could accelerate toward $1.7660. Above, $1.9325 is a strong liquidity accumulation area from an order block off recent highs. Support Levels: Buyer Blocks Primary Support $1.9031 (Strength Score: 81/100) – This level stands out as CAKE’s most critical buyer zone. Why? On the 1D timeframe, it showed strong rebound (price rejection) in the last 3 tests; buyers entered with volume increases each time. On the 3D chart, there’s perfect confluence with EMA50 (around $1.90), an order block creating excess demand in the supply-demand balance. It also aligns with the Fibonacci 0.618 retracement on 1W. Historically, it has been tested 4 times since the December 2025 lows and held successfully 80% of the time. According to volume profile, there’s no heavy stop-loss accumulation here; on the contrary, it’s ideal for liquidity grabs. When price touches here, a probable W-pattern formation could…

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Filed under: News - @ January 28, 2026 4:25 am