CAKE price at $2.02 level, positioned just above primary support at $2.0148, under downward trend pressure. Critical liquidity zones are nearing test.
Current Price Position and Critical Levels
CAKE is currently trading at $2.02 and has moved in the $1.97-$2.12 range with a 2.94% drop over the last 24 hours. The overall trend is downward; price remains below EMA20 ($2.02), signaling short-term bearish. RSI at 49.46 is in neutral territory, but Supertrend indicator is bearish and points to $2.29 resistance. 16 strong levels detected across multiple timeframes (MTF): 2 supports/3 resistances on 1D, 2S/3R on 3D, 3S/3R on 1W. Price is in a correction phase within the broader structure; high potential for liquidity hunting after the recent upwave. Volume at $29.70M is moderate but could increase on support tests. This position is a critical point testing whether buyers step in at $2.0148.
Support Levels: Buyer Zones
Primary Support
$2.0148 (Score: 72/100) – This level stands out as CAKE’s strongest buyer zone. Why? It forms a strong demand zone on 1D and 3D timeframes; tested three times in the past and rejected price upward each time. Volume profile is concentrated here, indicating big players’ order blocks (OB) present. It also has confluence with EMA50 intersection on 1W chart. As price approaches, liquidity grab via stop-loss hunting is possible, but if it holds, strong bounce expected. Historically, this level has held with 70%+ success rate; invalidation on break below $1.99.
Secondary Support and Stop Levels
$1.7660 (Score: 60/100) – Secondary support located at 3D and 1W confluence. This area is a remnant order block from October 2025 lows, overlapping with Fibonacci 0.618 retracement. Volume spike observed, buyers entered aggressively here. Watch for break below $1.71 as stop level; this would invalidate trend change and open downside to $1.1888 (score 22/100). Nearby stops at $1.97 could pull liquidity, allowing big players to sweep this zone and maneuver upward.
Resistance Levels: Seller Zones
Near-Term Resistances
$2.0578 (Score: 62/100) and $2.1497 (Score: 63/100) – Short-term resistances, the first seller zones price will test. $2.0578 is the 24-hour range high with exact 1D EMA20 confluence; supply imbalance on volume profile, rejected in past breakouts. $2.1497 is 1D swing high near Supertrend resistance $2.29; overlaps with Fibonacci 0.382 extension. These levels are strong in bearish short-term; volume increase required for breakout, otherwise rejection and downside likely.
Main Resistance and Targets
$3.0774 (Score: 70/100) – Main resistance, premium supply zone on 3D and 1W. Historical peak tests (November 2025) showed heavy selling pressure here; order block and equal highs/lows confluence present. Upside target $2.5766 (score 30/100) as intermediate before this zone. BTC support required for breakout; invalidation on $2.29 break below. This level offers high R/R consistent targets.
Liquidity Map and Big Players
Big players (smart money) may target stop liquidity below $2.0148; classic liquidity sweep scenario. Above, equal highs in $2.12-$2.15 range ideal for stop hunting. Imbalances on 1W point to $1.7660. Volume analysis shows buyer OBs at supports; seller imbalances at resistances. With price squeezed at $2.02, expect volatility spike – big players accumulating positions. MTF confluence makes $2.0148 a liquidity magnet.
Bitcoin Correlation
BTC at $93,119 in uptrend but Supertrend giving bearish signal; rising dominance risks altcoins. If BTC tests supports $92,931 / $90,947, CAKE could dip below $2.0148. Breaks above resistances $93,864 / $95,529 give CAKE $2.15+ upside. Correlation high (0.85%); BTC drop to $88,230 accelerates CAKE downside to $1.7660. BTC dominance bearish Supertrend calls for caution on alts – CAKE more volatile than BTC, follow closely.
Trading Plan and Level-Based Strategy
Level-based outlook: Hold above $2.0148 targets $2.0578 / $2.1497, aim $2.5766 (R/R 1:3+). On break, stop at $1.7660, target $1.1888. Long: $2.0148 bounce + volume confirmation. Short: $2.0578 rejection. Details in CAKE Spot Analysis and CAKE Futures Analysis. This is general market view, not investment advice – focus on risk management.
This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.
Source: https://en.coinotag.com/analysis/cake-support-and-resistance-analysis-critical-levels-january-19-2026
