<em><strong>Maker and BakerySwap bulls are subdued. MKR may slip to a multi-month support level at $1.7k. Meanwhile, BAKE may bounce back above $2.</strong></em>
<h2>Maker (MKR)</h2>
The Maker protocol manages DAI—an algorithmic stablecoin in Ethereum. MKR is for governance.
<h3>Past Performance of MKR</h3>
The Maker crypto is within a bear breakout pattern following losses below $3k.

As bears press lower, the MKR token is down roughly four percent on the last trading day, tracking the lower BB.

Since Maker bulls have <a href="https://www.cryptoknowmics.com/news/loopring-lrc-and-maker-mkr-technical-analysis-bears-stepping-up/">failed</a> to make any significant effort, the odds of MKR token prices posting more losses remain high.
<h3>Day-Ahead and What to Expect</h3>
MKR technical analysis in the daily chart points to weakness.

In a bear trend continuation, mirroring September 7 and 20 bar, MKR token prices may retest $1.7k—a multi-month support level.

However, if buyers flow back, a recovery driving price above $2.6k may catalyze demand, propping Maker coin bulls.
<h3>Maker Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/Maker-Daily-Chart-for-September-29.png"><img class="alignnone size-full wp-image-215207" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/Maker-Daily-Chart-for-September-29.png" alt="Maker Daily Chart for September 29" width="1366" height="768" /></a>

Candlestick arrangement in the daily chart points to weakness.

Accordingly, MKR may crater to $1.7k if there is a close below $2.2k in a break below the current consolidation.

Conversely, rejuvenating upswings above $2.6k may steady Maker bulls targeting $3k and hopeful of a buy trend continuation.
<h2>BakerySwap (BAKE)</h2>
The BakerySwap DEX on the Binance Smart Chain (BSC) uses BAKE to meet its governance needs.
<h3>Past Performance of BAKE</h3>
The BakerySwap token has been under immense selling pressure reading from the BAKE technical analysis in the last few weeks.

Currently, BAKE crypto is up four percent versus the USD, but tracking lower from week to date.
<h3>Day-Ahead and What to Expect</h3>
There are series of higher highs for the BAKE token relative to the lower BB.

Although buyers can push prices higher in the immediate term, sellers are in the driving seat.

For BakerySwap crypto buyers to take charge, there ought to be a high volume close above $2 and the middle BB.

Conversely, a contraction below $1.4 may see BAKE token slip to $1.
<h3>BakerySwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/BakerySwap-Daily-Chart-for-September-29.png"><img class="alignnone size-full wp-image-215206" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/09/BakerySwap-Daily-Chart-for-September-29.png" alt="BakerySwap Daily Chart for September 29" width="1366" height="768" /></a>

From the daily chart, BAKE crypto bears are in control of proceedings.

As mentioned earlier, there are series of higher highs relative to the lower BB.

As such, BakerySwap token prices would bottom-up if there are sharp gains above $2 and the middle BB.

On the other hand, there would be more misery for BAKE holders if prices drop below this week's lows at $1.4.

In that eventuality, BakerySwap coin sellers would have completely wiped out gains of Q2 2021 once prices fall to $1.

Maker (MKR) and BakerySwap (BAKE) Technical Analysis: Will Bears Win?

Maker and BakerySwap bulls are subdued. MKR may slip to a multi-month support level at $1.7k. Meanwhile, BAKE may bounce back above $2.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Maker (MKR) and BakerySwap (BAKE) Technical Analysis: Will Bears Win?

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