CAKE, JUP & SPX Lead Today’s Rally

[umair]

Hey everyone,

Today’s market action has been all about momentum—PancakeSwap (CAKE), Jupiter (JUP), and SPX6900 (SPX) are leading the charge with impressive gains that suggest bullish sentiment is broadening across DeFi and meme tokens.

CAKE has shown strong recovery, climbing above the $3 level and eyeing a break toward $3.53. Technical indicators like the MACD’s rising green histogram and an RSI near overbought levels (around 78) point to buying momentum—but also warn of potential pullbacks if resistance holds.

JUP has regained its footing above the psychological $0.50 zone, pushing toward the $0.6339 resistance level. Its rebound is supported by a potential golden cross between the 50‑day and 100‑day EMAs, while the RSI sits around 64—suggesting there’s still room to run if momentum continues.

Meanwhile, SPX has smashed past $2 for the first time, marking a fresh all-time high. Despite strong price action and renewed bullish MACD signals, its RSI has entered overbought territory. The hidden bearish divergence suggests caution—if bullish energy fades, a sharp pullback could follow.

These three tokens are outperforming the broader market, where Bitcoin and Ethereum movements remain more muted. That makes this setup especially interesting: are we witnessing isolated token strength or the early signs of a broader altcoin breakout?

So, what’s your plan?

Is this a momentum trade opportunity—buying on strength in CAKE or JUP, or playing SPX’s breakout mode?

Or are you more cautious, watching for pullbacks to support zones before entering?

How do you weigh high RSI signals, divergence setups on SPX, or resistance levels in CAKE and JUP before positioning?

Would love to hear your strategies—whether you're riding the trend right now or waiting for clear technical confirmation before diving in.