BakerySwap (BAKE) Price Rallies — Breakout From 415-Day Pattern Opens Path to $1

Key Takeaways

• BakerySwap (BAKE) trades inside a descending parallel channel.
• The BAKE price has increased by 130% since its Feb. 3 lows.
• Can BAKE sustain its momentum and break out from its pattern?

BAKE struggled throughout 2024, losing 47%. The bearish momentum persisted in 2025, leading to a 56% decline until Feb. 3.

However, the ensuing bounce has been remarkable, taking the yearly performance into positive territory. PancakeSwap (CAKE), the native token of the biggest decentralized exchange (DEX) on the BNB chain, mounted a similar increase.

Despite the encouraging bounce, the BAKE price has yet to break out from its main corrective pattern.

If this were to happen, it would confirm that the correction is finally over. Let’s examine the BAKE price movement and see what lies ahead in 2025.

BAKE Price Bounces

Since reaching its cycle high of $0.90 in December 2023, the BAKE price has fallen inside a descending parallel channel. These channels usually contain corrective movements, meaning an eventual breakout from them is likely.

In addition, the movement inside the channel has been gradual, choppy, and without a clear direction, supporting the possibility that it is corrective.

On Feb. 3, BAKE reached the channel’s support trend line and bounced, validating the $0.130 horizontal area as support (white icon).

A 130% price bounce followed, taking BAKE above the channel’s midline. This positive sign means a breakout is the most likely future outlook.

However, despite the positive price action, technical indicators do not confirm whether a breakout is likely.

While the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing, neither has crossed their bullish thresholds at 50 and 0, respectively. Also, the MACD has not made a bullish cross (black circle).

Breakout Incoming?

While the price action is unclear, the wave count suggests the BAKE price will increase and break out from the channel. The most likely count indicates the cost is in wave C of an A-B-C structure (white) that started in June 2023.

According to the count, the entire channel movement was part of wave B. The sub-wave count is in black, showing that sub-waves W:Y have the same ratio, increasing the likelihood that this is the correct count.

The most likely target for wave C is at $1.19. This new cycle high would give waves A:C the same length. The reaction once BAKE gets there can determine if the move will extend further or if the BAKE will begin a bearish trend instead.

Final BAKE Increase

Even though BAKE has been mired in a downward trend throughout 2024, the ongoing bounce is the most positive sign the coin has shown since the December 2023 high.

A breakout from the parallel channel will confirm the correction is over and could lead to an increase toward $1.19.