Bake token (BAKE) has struggled to break above the key resistance level of $0.29 as the price has remained in a range. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Bake token (BAKE), have struggled to break out of a downtrend as a result of this choppy movement. (Data from Binance) Related Reading: Fantom Keeps Close Eye On Possible 20% Slide This Month Bake Token (BAKE) Price Analysis On The Weekly Chart BAKE has struggled to replicate the bullish move that saw the price rally to $2 in recent months, creating the excitement of a bull run. After falling from an all-time high of $9, BAKE has struggled to stay afloat as the price keeps dwindling with no sign of a major bounce. With the current indicators, BAKE could be poised to rally from its weekly low of $0.2 to around $0.4. The price of BAKE is facing resistance at $0.29; if the price of BAKE flips this region, we may see the price surge higher. If the price of BAKE maintains this bullish structure, we could see the price of BAKE breaking off of its first resistance at $0.29 with more buy volumes. Weekly resistance for the price of BAKE – $0.29-$0.4. Weekly support for the price of BAKE – $0.2. Price Analysis Of BAKE On The Daily (1D) Chart Following the formation of a bullish pattern, the price of BAKE struggled to break above the symmetric triangle formed, as...
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