In this BakerySwap technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAKE-USDT. BakerySwap is a decentralized cryptocurrency that operates on the Binance Smart Chain. It utilizes a proof-of-stake consensus algorithm and has a fixed total supply of 100 million tokens. BakerySwap aims to provide users with a secure, fast, and low-cost platform for trading cryptocurrencies and other digital assets.
BakerySwap Price Overview:
As of October 02, 2023, BakerySwap is trading at approximately 0.1292 USDT. Let’s dive into the detailed price action for BAKE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1307 |
| High (H) | 0.132 |
| Low (L) | 0.123 |
| Close (C) | 0.1292 |
| Volume (C) | 63,160,101.20 |
- Open (O): The opening price for today’s trading session was approximately 0.1307 USDT.
- High (H): BakerySwap reached a daily high of around 0.132 USDT.
- Low (L): The daily low for BAKE-USDT was approximately 0.123 USDT.
- Close (C): At the time of analysis, BakerySwap is trading near its daily close of 0.1292 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.22% |
| 3D Change (%) | 9.58% |
| 7D Change (%) | 19.41% |
| 30D Change (%) | 39.68% |
| 90D Change (%) | 9.96% |
| YTD Change (%) | 0.78% |
Over the past three days, BAKEUSDT has increased by approximately 9.58%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 19.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BAKEUSDT maintaining an upward trend of approximately 39.68%, despite intermittent fluctuations. Examining the last 90 days, BAKEUSDT has witnessed substantial rise of approximately 9.96%, reflecting strong long-term confidence. Year-to-date, BAKEUSDT has steadily appreciated by around 0.78%, 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-USDT 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 0.81238.
- Momentum score is 0.39676.
BAKE USDT Technical Analysis
BakerySwap Trading Volume:
The trading volume for BakerySwap (BAKE) over the past 24 hours has been significant, with approximately 63,160,101.20 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): BakerySwap is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BAKE-USDT is currently in the high zone, around 58.20012. This suggests that BakerySwap is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
BakerySwap (BAKE-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT 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.
