$BAKE / USDT | Technical Analysis 📉

Current Price: $0.0777

24H Change: -11.20%

Timeframe: 1H

🔻 Trend: Bearish Continuation After Breakdown

BAKE has broken below multiple key supports and is now trading below all major EMAs:

EMA-9: $0.0792

EMA-20: $0.0816

EMA-50: $0.0863

EMA-100: $0.0909

Price recently hit a new low at $0.0752, forming a short-term relief bounce, but the trend remains bearish overall.

📌 Potential Entry Zone (Oversold Bounce Play): $0.0750 – $0.0780

🎯 Target 1: $0.0815 (EMA-20 resistance)

🎯 Target 2: $0.0860 (EMA-50 zone)

🛑 Stop Loss: $0.0735 (new breakdown confirmation)

📊 Indicators & Insights:

RSI(9): 29.82 → Approaching oversold territory

Volume: Large red-volume spike during breakdown; small recovery volume on bounce

EMA Stack: Bearish alignment — all EMAs are sloping downward

Price Action: Consistent lower highs and lower lows — standard downtrend pattern

⚠️ Caution:

BAKE may see a minor technical bounce due to RSI conditions, but the broader trend is bearish unless it can reclaim EMA-20 with strong volume. Downtrend remains intact.