CAKE has been listed on Binance today. Being one of the few other DEFI coins tradable on Binance currently, it's seeing a large influx of buyers from the start. Investors are looking at other DEFI projects and how those have been performing lately and, obviously, don't want to miss out on the next hot take: CAKE.
I'm confident to put my targets relatively far since it's for one a new DEFI listing, which is seeing a lot of interest. Also, current market conditions are favorable for new listings.
On the chart I’ve marked two potential areas of resistance, $25 and $30. Do your own due diligence.
Happy trading!
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Just as I publish this post the price drops like a brick. Trade not valid anymore, although the price targets are reasonable future targets.