BAKE USDT 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-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 June 17, 2024, BakerySwap is trading at approximately 0.4514 USDT. Let’s dive into the detailed price action for BAKE-USDT:

Embrace a bullish sentiment for BakerySwap (BAKEUSDT) at 4.51e-01 USDT with technical analysis highlighting strong support and positive indicators.

Metric Value
Open (O) 0.4242
High (H) 0.4691
Low (L) 0.4073
Close (C) 0.4514
Volume (C) 70,212,288.90
  • Open (O): The opening price for today’s trading session was approximately 0.4242 USDT.
  • High (H): BakerySwap reached a daily high of around 0.4691 USDT.
  • Low (L): The daily low for BAKE-USDT was approximately 0.4073 USDT.
  • Close (C): At the time of analysis, BakerySwap is trading near its daily close of 0.4514 USDT.
Metric Value
1D Change (%) 6.41%
3D Change (%) 16.13%
7D Change (%) 45.24%
30D Change (%) 62.73%
90D Change (%) 27.37%
YTD Change (%) -5.09%

Over the past three days, BAKEUSDT has increased by approximately 16.13%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 45.24%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BAKEUSDT maintaining an upward trend of approximately 62.73%, despite intermittent fluctuations. Examining the last 90 days, BAKEUSDT has witnessed substantial rise of approximately 27.37%, reflecting strong long-term confidence. Year-to-date, BAKEUSDT has steadily depreciated by around -5.09%, 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 1.31018.
  • Momentum score is 0.40799.

BAKE USDT Technical Analysis

BakerySwap Trading Volume:

The trading volume for BakerySwap (BAKE) over the past 24 hours has been insignificant, with approximately 70,212,288.90 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 62.25849. 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 insignificant trading volume are high signals for potential upward movement.

Embrace a bullish sentiment for BakerySwap (BAKEUSDT) at 4.51e-01 USDT with technical analysis highlighting strong support and positive indicators.

Take your understanding to the next level with our extensive analysis of BAKE BTC BakerySwap Technical Analysis; if you enjoyed this post, you’re in for a treat!

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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