Today's largest price prediction for Crypto Assets: CAKE, JUP, SPX regain bullish momentum, expected to continue the recovery.

Today (28th) in the Asian early session, the recovery speed of decentralized finance (DeFi) tokens such as PancakeSwap (CAKE) and Jupiter (JUP) has outpaced the market, with buying pressure rising again. Technical signals are mixed, with CAKE set for further pump, while JUP faces a key resistance level.

In addition, as of the time of writing, the SPX6900 (SPX) meme coin is ranked third, breaking the $2 barrier and setting a new historical high. However, the hidden bearish divergence of SPX highlights the gradual escalation of downside risks.

CAKE is expected to further pump to $3.535, regaining bullish momentum

As of the time of publication on Monday, PancakeSwap is up over 2%, continuing a 10% increase from Sunday. At the beginning of this week, Pancake's upward momentum is strong, reaching the resistance level of $3.165 last tested on February 13.

If it truly breaks through that level, it could potentially expand the pump to a level of 3,535 dollars, with the last test being on December 13.

The Moving Average Convergence Divergence (MACD) indicator shows that the green histogram bars are appearing, indicating that bullish momentum is recovering.

On the daily chart, the Relative Strength Index (RSI) is at 78, indicating that with the buying pressure increasing, the market has entered an overbought state. Investors may need to lower their bullish expectations, as an overbought condition often signals that prices will reverse quickly.

If CAKE fails to break the level of $3.165 with a decisive daily closing price, it may reverse to the level of $2.829, which has served as a resistance level for several months.

(Source: Trading View)

The recovery momentum of JUP is approaching the key resistance level of 0.6339 USD

Jupiter is holding a dominant position above the psychological barrier of 0.5000 USD, currently rebounding from 0.5131 USD, slightly above the 100-day Exponential Moving Average (EMA) of 0.5105 USD. As of the time of writing, JUP has risen over 2%, marking its fourth consecutive trading day of gains.

The short-term rebound of Jupiter is approaching the resistance level of 0.6339 USD tested last Tuesday. If JUP maintains its momentum and successfully breaks through that level, it may continue to pump to 0.7459 USD, which is the low point from February 25.

Over-the-counter investors can consider the potential golden cross in the 50-day and 100-day EMA as a buying signal.

Technical indicators show that bulls are attempting to maintain this trend as the green histogram rebounds, preventing the MACD line from crossing below its signal line. The RSI on the daily chart is at 64, bouncing from above the midline, indicating renewed buying pressure.

The downside is that if JUP breaks below the 200-day EMA of $0.5826, it may retest the 100-day EMA of $0.5105.

(Source: Trading View)

SPX hits a historic high, RSI warns of bearish divergence

As of the time of publication, SPX6900 meme coin has increased by 3%, reaching a historic high of $2.21, marking the fourth consecutive day of gains. As the meme coin enters a price discovery mode, the 1.272 Fibonacci retracement level (from the high of $1.80 on January 19 to the low of $0.25 on March 11) located at $3.07 will become the target above.

MACD avoids breaking below the signal line, with a new green histogram bar rising from the zero line, indicating that bullish momentum is recovering.

The RSI is at 71, entering the overbought zone, indicating that buying pressure is rising. However, the RSI remains stable near the overbought line while the SPX reaches new highs, indicating the presence of hidden bearish divergence. Investors may see this as a sign of weakening buying pressure, which could lead to a sudden end to the SPX's pump.

In this case, a drop below the level of $1.80 may continue the downtrend, testing the 50-day EMA at $1.52.

(Source: Trading View)