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)
$0.0004799
$0.0004799$0.0004799
-11.37%
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

Botanix launches stBTC to deliver Bitcoin-native yield

Botanix launches stBTC to deliver Bitcoin-native yield

The post Botanix launches stBTC to deliver Bitcoin-native yield appeared on BitcoinEthereumNews.com. Botanix Labs has launched stBTC, a liquid staking token designed to turn Bitcoin into a yield-bearing asset by redistributing network gas fees directly to users. The protocol will begin yield accrual later this week, with its Genesis Vault scheduled to open on Sept. 25, capped at 50 BTC. The initiative marks one of the first attempts to generate Bitcoin-native yield without relying on inflationary token models or centralized custodians. stBTC works by allowing users to deposit Bitcoin into Botanix’s permissionless smart contract, receiving stBTC tokens that represent their share of the staking vault. As transactions occur, 50% of Botanix network gas fees, paid in BTC, flow back to stBTC holders. Over time, the value of stBTC increases relative to BTC, enabling users to redeem their original deposit plus yield. Botanix estimates early returns could reach 20–50% annually before stabilizing around 6–8%, a level similar to Ethereum staking but fully denominated in Bitcoin. Botanix says that security audits have been completed by Spearbit and Sigma Prime, and the protocol is built on the EIP-4626 vault standard, which also underpins Ethereum-based staking products. The company’s Spiderchain architecture, operated by 16 independent entities including Galaxy, Alchemy, and Fireblocks, secures the network. If adoption grows, Botanix argues the system could make Bitcoin a productive, composable asset for decentralized finance, while reinforcing network consensus. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/botanix-launches-stbtc
Share
BitcoinEthereumNews2025/09/18 02:37
PBOC sets USD/CNY reference rate at 6.9590 vs. 6.9570 previous

PBOC sets USD/CNY reference rate at 6.9590 vs. 6.9570 previous

The post PBOC sets USD/CNY reference rate at 6.9590 vs. 6.9570 previous appeared on BitcoinEthereumNews.com. On Friday, the People’s Bank of China (PBOC) sets the
Share
BitcoinEthereumNews2026/02/06 09:28
UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future

UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future

The post UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future appeared on BitcoinEthereumNews.com. Key Highlights Microsoft and Google pledge billions as part of UK US tech partnership Nvidia to deploy 120,000 GPUs with British firm Nscale in Project Stargate Deal positions UK as an innovation hub rivaling global tech powers UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future The UK and the US have signed a “Technological Prosperity Agreement” that paves the way for joint projects in artificial intelligence, quantum computing, and nuclear energy, according to Reuters. Donald Trump and King Charles review the guard of honour at Windsor Castle, 17 September 2025. Image: Kirsty Wigglesworth/Reuters The agreement was unveiled ahead of U.S. President Donald Trump’s second state visit to the UK, marking a historic moment in transatlantic technology cooperation. Billions Flow Into the UK Tech Sector As part of the deal, major American corporations pledged to invest $42 billion in the UK. Microsoft leads with a $30 billion investment to expand cloud and AI infrastructure, including the construction of a new supercomputer in Loughton. Nvidia will deploy 120,000 GPUs, including up to 60,000 Grace Blackwell Ultra chips—in partnership with the British company Nscale as part of Project Stargate. Google is contributing $6.8 billion to build a data center in Waltham Cross and expand DeepMind research. Other companies are joining as well. CoreWeave announced a $3.4 billion investment in data centers, while Salesforce, Scale AI, BlackRock, Oracle, and AWS confirmed additional investments ranging from hundreds of millions to several billion dollars. UK Positions Itself as a Global Innovation Hub British Prime Minister Keir Starmer said the deal could impact millions of lives across the Atlantic. He stressed that the UK aims to position itself as an investment hub with lighter regulations than the European Union. Nvidia spokesman David Hogan noted the significance of the agreement, saying it would…
Share
BitcoinEthereumNews2025/09/18 02:22