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Technical Analysis

Exclusive Binance Cryptocurrencies Search for Support After Drop From All-Time Highs

2 mins
Updated by Kyle Baird

In Brief

  • BNB reached a new all-time high on May 10.
  • CAKE is trading between support and resistance at $19.50 and $28.
  • BAKE is potentially trading inside a descending parallel channel.
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Binance Coin (BNB) has been decreasing since reaching a new all-time high price of $691.77 on May 10.

PancakeSwap (CAKE) has fallen below the $28 area and is approaching the $19 support.

BakeryToken (BAKE) has been decreasing inside a descending channel since May 2.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.


In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.