Recently, the technical charts of several cryptocurrencies have shown clear signs of bearish dominance, worth paying attention to.

The hourly chart for CAKE still shows a solid bearish structure. Although there is a rebound from the bulls, the momentum is clearly lacking, basically a state of feeble effort. When the rebound reaches the 1.98 to 2.00 range, if there is no sign of a breakout, that would be a good entry point for short positions. The subsequent target will depend on the support levels below.

The situation for IP is even more interesting. On the 4-hour chart, this top has been oscillating for almost 5 days, with each rebound being very weak. Now it has returned to the bottom of the oscillation range, and based on trading volume, it is mainly suppressed by sell orders, with rebounds accompanied by decreasing volume. This kind of movement usually indicates an upcoming break of support, and in a weak state, it wouldn't be surprising to see a drop below 1.8.

ICP is also under pressure. The hourly chart shows a continuous downward oscillation, and the bullish rebound near the key support at 3.2 is quite weak—mostly small volume green candles. Conversely, during declines, large red candles dominate, clearly favoring the bears. If 3.2 breaks, the next focus will be on how the price behaves around the round number 3.

Overall, these three coins are currently in a bearish-dominant situation, and rebounds are opportunities to short.