CAKE price is sitting around $3.42, and traders are keeping a close eye on what might come next. A fresh liquidity map shared by analyst King Fisher on X(Formerly Twitter) shows a setup that could send the token higher if the right levels get taken out.
The data points to stacked short liquidations above the current CAKE price and only light long liquidations below, creating the conditions for a squeeze in the days ahead.
What you'll learn 👉
What’s Sitting Above the CAKE Price
The map shows a heavy cluster of short liquidations between $3.33 and $3.42. That means if CAKE starts pushing higher, short sellers could be forced to close positions, which often adds momentum to the move. Exchanges like Binance, Bitget, and Bybit are all showing these concentrations.
🚨 $CAKE liq map is screaming. Most traders are chasing while smart money is watching this setup.
— TheKingfisher (@kingfisher_btc) October 3, 2025
Current price is 3.31. We see a significant cluster of short liquidations above, starting around 3.33 and extending up to 3.42. That’s a lot of fuel for an upward move. Long… pic.twitter.com/SP5TqLxCvO
For traders, the key is simple: once $3.33 is cleared, the path opens toward $3.35-$3.38, and then into $3.40-$3.42. These aren’t just resistance points, but also potential zones where the pace of the move can speed up.
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PancakeSwap Support Zones to Watch
Of course, prices rarely move in a straight line. There are still some long liquidation pockets under the current level. The nearest sits at $3.29-$3.30, which could trigger a quick dip before bouncing.
A larger pool sits further down at $3.00-$3.02, where the market might look for fresh long entries if things retrace.
These areas often act as springboards. If the lower levels get tapped, traders will be watching closely to see if CAKE price can reset before making another push higher.
What the Analyst Says
In his post, King Fisher explained that this setup is shown on the “optical_opti” timeframe, which usually plays out within a few days to a week. He added that while many retail traders are chasing the price, smart money is waiting for the right trigger.
The structure leans bullish in the short term because of the stack of short liquidations above. Still, a quick sweep lower in CAKE price into $3.30 or even $3.00 isn’t off the table before any bigger squeeze kicks in.
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