Amidst Bitcoin's market uncertainty, Bittensor (TAO) emerges as a resilient asset. TAO token displays promising technical signals, which we will analyze in the upcoming paragraphs. Stick around for more insights.
The current technical analysis of Bittensor’s price shows a strategic consolidation between $336 (support) and $373 (resistance). The fixed volume profile reveals a PoC at $357, revisited multiple times, indicating sustained activity at this level.
Several technical indicators confirm the bullish scenario discussed by several crypto analysts :
According to crypto experts’ projections, a clear break above $373-375 would pave the way towards an intermediate target of $480.
Coinglass data reveals an accumulation of seller liquidation levels between $380 and $390. A bullish breakthrough in this zone could trigger a short squeeze, propelling the TAO price to new highs before a potential correction towards liquidity zones below $330.
In essence, crypto experts are considering three main scenarios for Bittensor :
Some long-term forecasts even envision a target of $1,200 by the end of 2025, provided that the current momentum intensifies.
Market interest in Bittensor goes beyond graphic analysis. This includes the overall sentiment, which is predominantly bullish. Evidence : the Fear and Greed index is positioned in the “Greed” zone.
Recent data shows that 23 indicators are bullish compared to only 7 bearish, highlighting a strong potential for appreciation.
TAO also benefits from a unique position in the crypto ecosystem. By rewarding developers who share their AI models through its decentralized protocol, Bittensor not only attracts talent but also fosters natural adoption of its token.
The TAO token is available on several crypto exchanges, including Bitget.
Here are the steps to buy TAO on Bitget :
Bittensor emerges today as a project with high potential in the crypto ecosystem. The upcoming weeks are crucial to confirm (or not!) TAO’s return to a strongly bullish trend.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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