Naina
07/20 10:39
Bearish Outlook From Crypto Bakery Points to Lower
Bearish Outlook From Crypto Bakery Points to Lower Targets
In contrast, analyst CRYPTO BAKERY suggested a bearish scenario forming on the 1-hour chart. His chart shows declining momentum and a series of lower highs developing after the price failed to sustain a move above $1.0417. The pattern signals potential downside continuation if resistance remains intact.
CRYPTO BAKERY’s analysis includes projected support targets at $0.9993, $0.9618, and $0.9071. He highlighted a possible bounce-rejection structure that may play out before further weakness. The short thesis remains valid unless WIF reclaims $1.0417 convincingly. The current chart structure indicates that any failed retest of resistance could reinforce downward pressure in the next sessions.
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