BakeryToken has been on an upward trajectory since mid-April, consistently forming higher highs and higher lows while bouncing off a support trendline. This pattern suggests a strong bullish sentiment among investors.
Recent Performance:
Looking ahead, BAKE appears poised for further gains. The next resistance level around $0.46 is now in sight, representing a potential 17% increase from current price levels. This target aligns with the token’s ongoing larger bullish trend, indicating that the momentum may continue in the short term.
While HIVE has shown signs of recovery in recent days, several factors suggest caution for investors expecting a prolonged bullish run.
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Potential Hurdles:
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Show more +For HIVE to establish a true bullish reversal, it must not only break through the mentioned resistance levels but also convincingly exit the descending channel it currently occupies. Until these conditions are met, investors should approach HIVE’s recent price action with caution.
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The post BakeryToken (BAKE) Price Resumes Bullish Rally, Targets This Next Level; Why HIVE’s Ongoing Spike May Not Last appeared first on CaptainAltcoin.