Will CAKE bounce back?

Could you elaborate on the current market sentiment towards CAKE and provide a potential outlook for its future? Is there any indication that CAKE may rebound from its recent lows? Are there any positive catalysts on the horizon that could spark a turnaround? Or are there any factors that might hinder a potential recovery? Additionally, how does the overall cryptocurrency market look, and could that impact CAKE's trajectory? Please analyze the situation and offer your insight on whether a bounce back for CAKE is plausible in the near future.