In a recent development that has caught the attention of the cryptocurrency community, BakerySwap, a prominent decentralized exchange (DEX), has completed the process of issuing refunds to participants of the PUMP presale.
A Dec. 6 post from Lookonchain, a leader in cryptocurrency price updates, highlights that BAKE, a part of the BakerySwap ecosystem and a decentralized automated market-making (AMM) protocol, had increased 100%.
AAVE, BNB, BakeryToken (BAKE) have all increased during the weekend. AAVE is still trading inside a bearish pattern; BAKE attempts to clear a long-term horizontal resistance, while BNB has created a bullish pattern.
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Bake token (BAKE) has struggled to break above the key resistance level of $0.29 as the price has remained in a range. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement.
BakeryToken crypto is up 130 percent from 2022 lows. In a bullish breakout formation, BAKE coin prices may race towards $0.44 and March 2022 lows.