CAKE Price Eyes Major Upside as Open Interest and TVL Rise

The price of CAKE has surged by 14.82% in the last 24 hours, reaching $2.26 with a market capitalization of $726.31 million.

According to LSTRADER, the CAKE price is showing renewed strength after a recent rally delivered solid gains, and buyers are defending the recovery.

Market analysis identifies a PO3 structure that could support further upside if buyers maintain momentum and successfully push CAKE beyond key resistance levels in the coming sessions.

A potential breakout for the CAKE price is being eyed, with analysts suggesting that a decisive move above resistance could open a path toward the $5 target.