Market Overview for PancakeSwap/Tether (CAKEUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 4:41 pm ET1min read
CAKE
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Aime RobotAime Summary

- CAKE/USDT dropped sharply from 2.148 to 2.057, rebounding to 2.059 at close amid high volatility.

- RSI hit oversold levels and bullish engulfing patterns emerged, suggesting potential short-term reversal.

- Bollinger Bands showed price near lower band during selloff, with 2.05 support and 2.07 resistance key.

- Volume spiked during decline but failed to confirm bearish momentum, while MACD stabilized with mixed signals.

- Daily moving averages remain bearish long-term, but near-term bounce above 2.07 could target 2.085-2.09.

Summary
• Price dropped sharply from 2.148 to 2.057 before stabilizing and rebounding to 2.059 at close.
• Volume spiked during the decline but failed to confirm further bearish momentum.
• RSI approached oversold levels, suggesting potential near-term bounce.
• Bollinger Bands showed increasing volatility during the selloff, with price near the lower band.
• A bullish engulfing pattern emerged after the rebound, hinting at possible short-term reversal.

PancakeSwap/Tether (CAKEUSDT) opened at 2.144, peaked at 2.157, and hit a low of 2.035 before closing at 2.059. Total volume was 3,698,367.17, and turnover reached 7,615,703.26 USDT over 24 hours.

Structure & Formations


Price dropped sharply from a 24-hour high of 2.157 to a low of 2.035, forming a bearish flag pattern around 2.057–2.043. A bullish engulfing pattern emerged after the 2.035 low, suggesting a potential short-term reversal. Key support appears at 2.05, and resistance at 2.066–2.071 could test near-term momentum.

Moving Averages



On the 5-minute chart, price retested the 50-period moving average around 2.05 and closed slightly above it, indicating initial support. The 20-period MA lagged behind, confirming recent bearish pressure. Daily averages (50/100/200) remain above current price, reinforcing a bearish bias in the longer term.

MACD & RSI


MACD turned negative during the selloff but has stabilized with a small positive histogram at close. RSI dipped into oversold territory (below 30), signaling potential near-term bounce. Momentum appears to be stabilizing, though bearish divergence remains in the broader context.

Bollinger Bands


Bollinger Bands widened as volatility surged during the 2.05–2.035 drop, with price touching the lower band. Price has since moved toward the middle band, suggesting reduced volatility. A sustained break above the upper band would signal a bullish shift.

Volume & Turnover


Volume spiked during the sharp decline (notably at 18:45–19:30 ET) but declined during the rebound. Turnover confirmed the bearish move, though the lack of follow-through volume during the rebound suggests a cautious market. Price and turnover aligned well during the low point, but divergences may emerge during the next test of support.

Fibonacci Retracements

On the 5-minute chart, price rebounded near the 38.2% retracement level of the 2.148–2.035 move (~2.075–2.065). On the daily scale, the 61.8% level (~2.03) provided a temporary floor. A close above 2.07 would target the 78.6% level at 2.085–2.09.

The market may consolidate near 2.05–2.06 before testing key resistance at 2.07. While a near-term bounce appears probable, prolonged weakness below 2.04 could reignite the bearish trend. Investors should monitor volume and RSI for signs of momentum shifts.