$BAKE is currently trading at 0.1342 USDT, forming a slightly bullish structure given the recent price action above its support at 0.1288 USDT and approaching resistance at 0.1366 USDT. With an RSI of 58.73, it indicates room for upward movement. A breakout strategy targeting resistance could be viable, but traders should remain cautious of macroeconomic factors and Bitcoin's movements, which often influence altcoin dynamics.