📢Market Dynamics of $BAKE 📊
On the daily timeframe, BAKE is exhibiting consolidation within a descending triangle pattern, characterized by fluctuating movements between established horizontal support and resistance levels. This type of pattern often suggests a potential for significant price movements once a breakout occurs📌
Currently, the price is rebounding from the horizontal support level. This bounce suggests a possible upward movement in the near term, as buyers step in to defend this key level. Sustained bounce could indicate the beginning of a new upward trend🚀
🔍Crypto Scouts analytics team
