CAKEUSDT at Major Support – Reversal or Capitulation Phase?CAKE / TetherUSBINANCE:CAKEUSDTCryptoNuclearOn the Weekly (1W) timeframe, CAKE/USDT remains in a macro downtrend since the previous cycle peak. Price continues forming lower highs and lower lows in the long term structure. Currently, price is revisiting the strong demand zone at 1.050 – 1.295, which has previously acted as a significant bounce area multiple times. This is a critical zone that could either trigger a major reversal or lead to a large breakdown. This zone has proven to be: A previous accumulation area A historical weekly support A strong buyer reaction zone in the past --- Pattern Structure 1. Repeated Support / Triple Bottom Area Price has tested the 1.050–1.295 zone multiple times from 2023–2026. This forms a structure similar to a multiple bottom / macro triple bottom support. The more times a support is tested: The stronger it becomes if it holds The weaker it becomes if it eventually breaks We are currently in another retest phase. 2. Range Compression Price action from 2024–2026 shows consolidation within a broad range before returning to the lower boundary. This often precedes a strong impulsive move (either up or down). --- Key Levels Main Demand Zone: 1.050 – 1.295 (yellow block) Nearest Resistance: 1.60 – 1.80 Key Structural Resistance: 2.20 – 2.50 Major Resistance: 3.00 – 4.50 If breakdown occurs: Next psychological support lies below 1.00. --- Bullish Scenario Bullish confirmation requires: 1. Price holding above 1.050 2. A strong weekly close above 1.30 3. Break of minor structure above 1.60 Step-by-step targets: 1.60 – 1.80 (minor structure reclaim) 2.20 – 2.50 (mid-range level) 3.00+ With strong momentum, potential move back toward the 4.00 area If this zone becomes a major accumulation base, it could form a long-term foundation before the next bullish cycle. Additional confirmations: Weekly bullish engulfing candle Increasing volume during the bounce First higher high breakout --- Bearish Scenario Bearish activation occurs if: 1. Strong weekly close below 1.050 2. No significant buyer reaction 3. Breakdown accompanied by high volume Potential targets: 0.90 0.75 Even 0.60 if panic selling accelerates Since this is the last major macro support, a breakdown could trigger a capitulation phase. --- Conclusion The 1.050 – 1.295 zone is the long-term decision level for CAKE. This is where the battle happens between: Large-scale accumulation Or final distribution before breakdown Price reaction over the next several weekly candles will determine whether this becomes: A base for major reversal or The beginning of a new downside phase Traders should wait for structural confirmation before taking aggressive positions. #CAKEUSDT #CAKE #CryptoAnalysis #TechnicalAnalysis #Altcoin #WeeklyChart #SupportResistance #CryptoTrading #PriceAction