BAKE BTC BakerySwap Technical Analysis

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By Frans van Elst

BakerySwap logo In this BakerySwap technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAKE-BTC. BakerySwap is a decentralized exchange built on Binance Smart Chain that enables users to trade various assets in a trustless and permissionless manner. It utilizes an automated market maker (AMM) model, which allows for efficient and secure trading experiences. Additionally, BakerySwap features a unique farming mechanism that rewards users with BAKE tokens for contributing liquidity to the platform.

BakerySwap Price Overview:

As of May 14, 2024, BakerySwap is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for BAKE-BTC:

Receive signals of growth for BakerySwap (BAKEBTC) at 4.26e-06 BTC through positive technical analysis, backed by strong support and promising indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 33,388.20
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): BakerySwap reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for BAKE-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, BakerySwap is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -0.47%
3D Change (%) -2.52%
7D Change (%) 5.97%
30D Change (%) 13.90%
90D Change (%) -42.28%
YTD Change (%) -62.10%

Over the past three days, BAKEBTC has declined by approximately -2.52%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BAKEBTC maintaining an upward trend of approximately 13.90%, despite intermittent fluctuations. Examining the last 90 days, BAKEBTC has witnessed substantial decline of approximately -42.28%, reflecting strong long-term confidence. Year-to-date, BAKEBTC has steadily depreciated by around -62.10%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

BakerySwap Live Chart:

You can access a live price chart for BAKE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.49566.
  • Momentum score is 0.04668.

BAKE BTC Technical Analysis

BakerySwap Trading Volume:

The trading volume for BakerySwap (BAKE) over the past 24 hours has been insignificant, with approximately 33,388.20 BTC traded against BAKE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): BAKE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): BakerySwap is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for BAKE-BTC is currently in the low zone, around 43.58493. This suggests that BakerySwap is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

BakerySwap (BAKE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Receive signals of growth for BakerySwap (BAKEBTC) at 4.26e-06 BTC through positive technical analysis, backed by strong support and promising indicators.

Missing our detailed breakdown on BAKE USDT BakerySwap Technical Analysis would be a lost opportunity if you found value in this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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