POL, DEXE, and CAKE lead the crypto market! Ethereum returns to $3700 to assist the alts' rebound.

Today, the cryptocurrency market has welcomed a strong rebound, with the three major popular tokens Polygon (POL), DeXe (DEXE), and PancakeSwap (CAKE) leading the gains. As Ethereum (ETH) reclaims the $3,700 mark, the activity level of altcoin funds has noticeably increased, and the technical outlook remains optimistic. This article will combine technical indicators and market momentum to deeply analyze the latest trends and key levels for these three tokens.

POL has risen for five consecutive days, with a target price aimed at 0.2822 USD

Polygon (POL) has risen for the fifth consecutive day, with the current price breaking through the 100-day EMA and the 23.6% Fibonacci retracement level of $0.2227. The MACD is about to show a golden cross, and the RSI is at 56, indicating steady buying pressure. If it can close above $0.2640 (200-day EMA) and $0.2822 (38.2% Fibonacci), it is expected to further challenge $0.3417. If it falls below $0.2227, attention should be paid to the support at $0.2167 for the 50-day EMA.

DEXE V-shaped Rebound, key resistance at 8.938 USD

DEXE surged 10% on Wednesday, breaking through the 50-day moving average at $8.157, with a clear V-shaped reversal trend. RSI rose to 62, and the MACD line continues to rise, indicating strong bullish momentum. If it can break through the resistance at $8.938, it is expected to challenge the 100-day moving average at $9.640. If there is a pullback, $6.074 serves as important support.

CAKE Rebound Continues, Target 2.829 USD Resistance

PancakeSwap (CAKE) has rebounded 5% from the 50-day moving average, with the current price slightly rising to around $2.70. The MACD line is close to crossing, and the RSI has risen to 55, indicating a bullish technical outlook. If it can break through the key resistance at $2.829, it is expected to target $3.165. However, if supply pressure increases, the support line at $2.547 is worth monitoring.

Conclusion

POL, DEXE, and CAKE are leading the charge today, driving a rebound in altcoin market sentiment. Ethereum's return to $3,700 provides strong support for mainstream assets, and if it can break through key resistance, the market is expected to welcome a new round of capital inflow. Investors should closely monitor technical indicators and support/resistance levels to seize short-term trading opportunities.