- BAKE coin price is in an uptrend at 9.1% during the intraday trading session.
- The 24-hour trading volume is at $61 million.
- BAKE/BTC pair is trading positive by 4.3% at 0.00005443 BTC.
The daily technical chart of BAKE coin price action displays an uptrend. According to the pivot levels, the primary support level is $1.95. On the other side, if it rushes up, the resistance level to follow is $3.50. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.
The Zig-Zag framed a top of $7.97 on May 16. After that, investors can notice a massive correction of 80%, all the way low to $1.44. Now price levels are back around the range of $2.50 this week.
The volume of (4.65M) is below the MA of 20-days (21.904M). As a result, the volume is low and increasing, causing its price to move around the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session.
The RSI indicator gave a (bullish) signal with 58, projecting a buy signal in the coin. Investors may observe an inclining slope from 52 to 58. It may surge in future trading sessions.
BAKE Coin Breakout From $2.48 Resistance
BakerySwap today’s price is 2.55 US dollars, and the 24-hour trading volume is 104,935,138 US dollars. The price of BAKE has increased by 9.1% in the past 24 hours. It has 170 million BAKE coins and a total supply of 277 million. The RSI indicator shows a buy signal, and the traders have guided low volume which is increasing. Technically, the price moves around the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $3.50
Support Level: $1.95