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 exchange built on Binance Smart Chain that enables users to trade a variety of assets in a trustless and permissionless manner. BAKE is the native token of the platform, which provides liquidity providers with rewards and incentivizes them to contribute to the ecosystem. With its innovative features and user-friendly interface, BakerySwap is poised to revolutionize the decentralized trading space.
BakerySwap Price Overview:
As of May 10, 2024, BakerySwap is trading at approximately 0.2846 USDT. Let’s dive into the detailed price action for BAKE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.283 |
| High (H) | 0.2974 |
| Low (L) | 0.2779 |
| Close (C) | 0.2846 |
| Volume (C) | 14,298,838.20 |
- Open (O): The opening price for today’s trading session was approximately 0.283 USDT.
- High (H): BakerySwap reached a daily high of around 0.2974 USDT.
- Low (L): The daily low for BAKE-USDT was approximately 0.2779 USDT.
- Close (C): At the time of analysis, BakerySwap is trading near its daily close of 0.2846 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.57% |
| 3D Change (%) | 13.39% |
| 7D Change (%) | 10.44% |
| 30D Change (%) | -23.58% |
| 90D Change (%) | -18.36% |
| YTD Change (%) | -40.16% |
Over the past three days, BAKEUSDT has increased by approximately 13.39%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 10.44%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BAKEUSDT maintaining a downward trend of approximately -23.58%, despite intermittent fluctuations. Examining the last 90 days, BAKEUSDT has witnessed substantial decrease of approximately -18.36%, reflecting strong long-term confidence. Year-to-date, BAKEUSDT has steadily dropped by around -40.16%, 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 0.72586.
- Momentum score is 0.18781.
BAKE USDT Technical Analysis
BakerySwap Trading Volume:
The trading volume for BakerySwap (BAKE) over the past 24 hours has been insignificant, with approximately 14,298,838.20 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 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-USDT is currently in the neutral zone, around 46.75817. This suggests that BakerySwap is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
BakerySwap (BAKE-USDT) is currently exhibiting signs of short-term bearish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Discover BakerySwap’s (BAKEUSDT) positive momentum at 2.85e-01 USDT through bullish technical analysis, emphasizing strong support and promising indicators.
Discover even more by checking out our comprehensive analysis on BAKE BTC BakerySwap Technical Analysis — a perfect follow-up if you enjoyed 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.