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Fantom and BakeryToken buyers are firmly in control. BAKE may print higher, targeting $3, while FTM glide to $3.5, registering new all-time highs.
Fantom (FTM)
The Fantom protocol wants to establish itself as an efficient DeFi powerhouse using FTM as the central currency.
Past Performance of FTM
The Fantom crypto is trending at new 2021 highs in a bullish breakout pattern reading from price action in the daily chart.
As per the FTM crypto prices, buyers are in the driving seat explaining the 32 percent explosion to new territory on the last trading day.
Day-Ahead and What to Expect
From the FTM token performance in the daily chart, every low present entry for determined buyers angling for even more gains in the days ahead.
Notably, the upsurge has high momentum as FTM token bull bars band along with the upper BB signaling demand in lower time frames.
In this case, FTM prices would likely continue with the uptrend throughout the weekend.
Fantom Technical Analysis
The path of the least resistance is set--buyers are in control.
Besides, the uptrend is with high trading volumes, and momentum is high, pointing to demand.
Accordingly, FTM traders might scoop on pullbacks targeting $3.5—the 4.6142 Fibonacci extension level of the H1 2021 trade range in a buy trend continuation pattern.
BakeryToken (BAKE)
The BakeryToken DEX is one of the most active in the Binance Smart Chain (BSC) ecosystem. It uses BAKE for governance.
Past Performance of BAKE
The BakeryToken is inching higher, trading within a bullish breakout pattern, as per the BAKE technical analysis in the daily chart.
Overall, BAKE crypto buyers are in charge, building the momentum for possibly more gains in the upcoming sessions.
Day-Ahead and what to Expect
BakeryToken crypto bulls are hopeful of what lies ahead.
From the daily chart, the BAKE token is firm above the middle BB but within the October 7 bull bar.
Even so, the absence of follow-through may draw aggressive BAKE coin buyers angling for $3 in the short-term in a buy trend continuation pattern.
BakeryToken Technical Analysis
BAKE crypto is within a bullish breakout pattern above the middle BB visible in the daily chart.
Currently, prices are in range above the middle BB and $1.75.
Accordingly, buyers might have entries targeting $3 with more tailwinds once there is a sharp close above $2.1.
Conversely, unexpected dumps below $1.75 reversing gains of October 7 would nullify the uptrend.