Over the past few days, the prices of the CAKE, SOL, and XRP tokens have been trying to rise after finding a new anchor point to try to continue the weekly rally, which is quite interesting for us to review this time. And in this analysis, we will try to share our technical views on the outlook for cake, SOL, and XRP tokens for the next few days.
CAKE
In our analysis, the decentralized exchange token pancakeswap is trying to rise after being able to earn $19.15 as a key support point that becomes a point of investor optimism.
Technically, the price of the cake now also has key resistance levels at $26 and $30 that will underpin the reading of the potential trend, where for bullish patterns, both are levels that must be retestable for the Bulls signal to look strong. Key support is new hope for Bullish, so in the event of an outage, further drops will dominate, at least in a few weeks before trying to find a new base.
SOL
In our analysis, this crypto Solana has achieved very exceptional performance, has increased by hundreds of percent, and is trying to recover from a strong liquidation a few weeks ago.
Technically, SOL now has key support levels at $110, $140, and resistance at $182.50, $210, which is the basis of this analysis, where bullish odds will always remain for this crypto as long as it remains above the $140 support.
Of course, the existing support is a defensive wall for market optimism, so the outage is a signal to worry about touching other key supports that are still in the weekly bull zone. Key Resistance is the main target to aim to maintain the bullish base and the optimistic outlook of the market.
In our analysis, this crypto from Ripple Labs struggles to find afoot when it is heavily bogged down when it comes to forming a new High. Currently, XRP has key SR levels at $1, $1.2, and $1.35, where this is our main point for reading trend opportunities.
Whether or not the price to stay above the Key Support is the main handful of the continuation of this crypto rally. If the key support fails, the support area will be the last hope for the bulls to take control and form an upper trough.
