The post CAKE Technical Analysis Jan 21 appeared on BitcoinEthereumNews.com. CAKE is consolidating under the dominant bear trend at the $1.94 level. Indicators The post CAKE Technical Analysis Jan 21 appeared on BitcoinEthereumNews.com. CAKE is consolidating under the dominant bear trend at the $1.94 level. Indicators

CAKE Technical Analysis Jan 21

4 min read

CAKE is consolidating under the dominant bear trend at the $1.94 level. Indicators are negative, critical supports near testing at $1.92 and $1.77; BTC correlation creates a risky environment for altcoins.

Executive Summary

CAKE’s comprehensive technical analysis as of January 21, 2026, points to a strong bear trend. Price is below EMA20 ($2.00), Supertrend resistance at $2.19 is applying pressure; RSI at 44.76 is neutral-bearish, MACD shows negative histogram. Critical supports at $1.9160 (70/100) and $1.7660 (64/100); resistances at $2.0051 (72/100). Volume is limited at $21.36M, BTC downtrend is pressuring altcoins. Strategic outlook: Short-term selling pressure dominates, $1.77 breakdown could lead to $1.19; upside limited potential at $2.58. Risk/reward ratio favors bearish scenario.

Market Structure and Trend Status

Current Trend Analysis

CAKE is moving within a clear downtrend on daily and weekly timeframes. Price rose %0.78 in the last 24 hours, staying in the $1.87-$1.95 range, but the overall structure remains intact. Supertrend indicator gives bearish signal and $2.19 resistance forms a strong upper boundary. Failure to hold above EMA20 ($2.00) confirms short-term bear momentum. Multi-timeframe analysis (1D/3D/1W) identifies 11 strong levels: 3 supports/2 resistances on 1D, 1S/1R on 3D, 2S/3R on 1W. This structure increases breakdown risk; bullish reversal requires close above $2.00.

Structural Levels

Main trend lines and Fibonacci retracements limit the upper target at $2.58 (0.618 Fib), with $1.19 (long-term support) prominent at the lower end. Market structure has not broken the higher highs/lower lows pattern; short-term consolidation observed between $1.90-$2.00 but with weak volume support.

Technical Indicators Report

Momentum Indicators

RSI(14) at 44.76, not approaching oversold but maintaining bearish momentum below 50. No divergence on daily chart, indicating potential continuation of selling pressure. MACD line below signal line, negative histogram expanding; no momentum loss post bearish crossover. Stochastic %K around 35, no short-term bottom signal. Overall momentum confluence: 70% bearish.

Trend Indicators

EMA cluster (9/21/50) aligned below price; EMA20 ($2.00) first resistance. Supertrend strengthens $2.19 resistance after bearish flip. Ichimoku cloud red, price below Tenkan-Sen. ADX at 28 indicates medium-high trend strength; DI- dominance favors bears. All trend indicators show downtrend confluence.

Critical Support and Resistance Analysis

Supports: $1.9160 (70/100, near-term pivot, strong 1D), $1.8468 (60/100, swing low), $1.7660 (64/100, 3D support). Breakdown leads to $1.19 bearish target (22/100 score).
Resistances: $2.0051 (72/100, EMA20 confluence), $2.19 (Supertrend), $3.0774 (61/100, weekly R1). Bullish target $2.5766 (30/100, low probability).
These levels verified with 11 multi-TF confluences; $1.92 hold could trigger short-covering, but fragile under BTC pressure.

Volume and Market Participation

24h volume $21.36M, 15% lower than previous days; declining volume in downtrend shows weak buyer participation. OBV in downtrend, no divergence – selling dominant. POC (Volume Profile) around $1.90, hold at this level critical. Futures open interest stable but long/short ratio 0.85 (short-favored); spot volume pressure limited, overall liquidity insufficient for altcoin rally.

Risk Assessment

From current $1.94, bearish target to $1.1888 is 39% risk, bullish to $2.5766 is 33% reward – R/R ratio 1:0.85 favors bearish. Main risks: BTC breakdown below $88K (CAKE 1.5-2x correlated), lack of volume surge. Volatility 4.2% (medium), stop-loss suggestion $1.85 for longs below $1.9160. Positive scenario: $2.00 breakout, R/R 1:2.5. Overall risk score: High (7/10), short bias with conservative approach.

Bitcoin Correlation

BTC at $90,527 in downtrend, Supertrend bearish; main supports $88,937/$86,718. CAKE correlates 0.72 with BTC – BTC 1% drop impacts CAKE 1.5-2%. If BTC $90,913 resistance holds, altcoins remain pressured; $88K breakdown drags CAKE to $1.77. Watch: BTC dominance rise (52%+), additional selling pressure for CAKE. Details in CAKE Spot Analysis and CAKE Futures Analysis.

Conclusion and Strategic Outlook

CAKE’s full technical picture emphasizes bear dominance: Structural downtrend, bearish indicator confluence, limited volume, and BTC risk make short-term negative. Strategy: Short below $1.9160 (targets $1.77/$1.19), long scalping above $2.0051. Long-term investors await $1.77 bottom accumulation; lack of news flow keeps volatility low. Comprehensive view: Wait-and-see, support breakdown sell signal. This analysis provides full market picture via multi-timeframe and indicator synthesis – decisions personal responsibility.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Strategy Analyst: David Kim

Macro market analysis and portfolio management

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/cake-comprehensive-technical-review-january-21-2026-full-analysis

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0005692
$0.0005692$0.0005692
+5.11%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Company recognized as a Leader for the second consecutive year NEW YORK, Feb. 5, 2026 /PRNewswire/ — Optimizely, the leading digital experience platform (DXP) provider
Share
AI Journal2026/02/06 00:47