BAKE/USDT Could BAKE Bounce and continue upward ?? or Break down

19. Jan.

💎 BAKE's market activity has been gaining significant attention recently. At present, BAKE is positioned at a pivotal support area, which was formerly a resistance level.

💎 Historically, this zone has been robust enough to prevent a significant breakdown of BAKE, suggesting a potential rebound from this level.

💎 If it successfully bounces back, BAKE may attempt to breach the resistance at $0.419, the probability leading to an upward journey toward the targeted Bearish OB area.

💎 However, should BAKE fail to hold above this support zone, implying a breakdown, it could signal a concerning shift from a bullish to a bearish trend. In such a case, BAKE may enter a downward trajectory, with its next critical point being the demand zone around $0.217.

💎 The demand zone will play a crucial role in BAKE's recovery. A strong bounce and reclaiming of levels above the support are essential to reverse the bearish momentum. Failure to achieve this could confirm a bearish trend for BAKE, potentially leading to further declines below the demand zone.