In this BakerySwap technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAKE-BTC. BakerySwap (BAKE) is a decentralized cryptocurrency that operates on the Binance Smart Chain. It utilizes a proof-of-stake consensus algorithm, which allows holders of the token to participate in validating transactions and earning rewards. The BakerySwap platform also features a unique governance system, allowing users to vote on proposals for the development and growth of the ecosystem.
BakerySwap Price Overview:
As of October 02, 2023, BakerySwap is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for BAKE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 535,039.20 |
- 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 (%) | -0.43% |
| 3D Change (%) | 5.94% |
| 7D Change (%) | 12.62% |
| 30D Change (%) | 29.61% |
| 90D Change (%) | 21.15% |
| YTD Change (%) | -40.05% |
Over the past three days, BAKEBTC has risen by approximately 5.94%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 12.62%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BAKEBTC maintaining an upward trend of approximately 29.61%, despite intermittent fluctuations. Examining the last 90 days, BAKEBTC has witnessed substantial rise of approximately 21.15%, reflecting strong long-term confidence. Year-to-date, BAKEBTC has steadily dropped by around -40.05%, 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 0.65865.
- Momentum score is 0.29609.
BAKE BTC Technical Analysis
BakerySwap Trading Volume:
The trading volume for BakerySwap (BAKE) over the past 24 hours has been significant, with approximately 535,039.20 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 high zone, around 58.44616. This suggests that BakerySwap is in bullish 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 high RSI and significant trading volume are high signals for potential upward movement.
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.
