$BAKE /USDT 1-Day Chart

shows a big drop from around 0.3400 to a low of 0.0752 recently, with a slight dip (-0.42%) today. falling wedge pattern is forming—could mean a chance to bounce back! 😄 Plus, starting with the news, Binance added BAKE to its Monitoring Tag on July 7th, which usually signals higher risk. Oddly, the price went up instead—maybe the fear of delisting was already priced in, and the announcement not leading to immediate delisting sparked buying? Or there could be another factor at play!

Crux:

- **Support Zone**: A strong base is at 0.1200-0.1300, where buyers might step in.

- **Resistance Level**: The next big test is at 0.1800-0.2000—break that, and it could rise!

- **Falling Wedge**: This pattern, with its narrowing lines, often signals a bullish move if it breaks above 0.2000.

- **Momentum**: The downtrend had steady volume, but the pattern hints at a possible upturn. ⚡

Timeframe:

Watch the next few days for the wedge to break out. ⏳

Possibilities:

- **Bullish Move**: A jump above 0.2000 with good volume could push it to 0.2500 or more!

- **Bearish Drop**: A fall below 0.1200 might take it back to 0.0752—stay careful!

- **Safety Tip**: Set a stop-loss below 0.1200 to stay safe.