Hello everyone

Cake is one of the most powerful token of defi exchange that can be have a campaign with Dydx in future

According to the chart and to the trend of market , you can see the market is moving to have some correction and need to recovery itself then its ready to continue the route as the trend wanna go .
This route that we can drwan on chart it can be the movement of the price to re-test again the support zone in the bottom (Blue box) and until the price is not broken the second key point level the trend is moving in downward and when this key point is broken the trend can be change to the upward.

If you wanna take position and buy or sell, check the chart with your own analysis and use your own strategy

Previous analysis :

Good Luck
Abtin