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Market Overview
CAKE/USD closed at 2.419 on October 29, 2025, reflecting a 2.41% increase from the previous close of 2.362, despite a 30-day return decline of 0.98%. The pair remains in a downtrend, trading below the 20-day SMA of 2.390 and the 5-day SMA of 2.364, with the 50-day and 200-day DMAs not specified. The RSI is not provided, but recent price action shows resistance near 2.456 and support around 2.306. No major upcoming events are noted that could influence price. Technical indicators suggest continued bearish momentum with potential volatility near these key levels. For information only.
Last Updated 10/31/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.