Bittensor (TAO) Breaks Out, Eyes Set on Higher Highs
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- Bittensor has climbed over 9%, reaching $255.
- TAO’s daily trading volume has surged by 42%.
A brief rebound in crypto assets might inject bullish sentiment into the market. All major assets are attempting to move toward the green zone. Meanwhile, Bittensor (TAO) has climbed over 9.16%, securing a top spot among the biggest gainers.
The opening price for Bittensor was $230.40, hitting a low for the day. After the bulls initiated the rally, the asset has pushed its price to the $259.68 range. TAO’s crucial resistance levels at $261.34 and $267.21 are to be tested to reinforce the bulls.
At the time of writing, Bittensor traded at around $255.08, with its market cap staying at $2.19 billion. Notably, the asset’s daily trading volume has reached $112 million.
Will the Bulls Keep Bittensor’s Momentum Alive?
The upside correction of Bittensor has the potential to climb to the $259 range. A continuous gain may form a golden cross, and it could push the asset’s price around $264.93, with the bullish pressure to keep up the pace.
If the downtrend emerges, the asset could see a slip in price, immediately testing the support at $249.22. Assuming the price reinforces its downside correction, and likely drives Bittensor below the $244 mark.
TAO’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line, indicating a bullish signal. This crossover could lead the asset to move upward, and the price continues to climb.
In addition, the Chaikin Money Flow (CMF) indicator stationed at 0.09 suggests a modest inflow of capital into the asset. Meanwhile, the daily trading volume of the asset has increased by over 42.69%.
The Bull Bear Power (BBP) indicator reading of 27.0 implies a strong bullish dominance within the market. Besides, TAO’s daily relative strength index (RSI), at 65.24, signals that the asset is in positive territory.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Bittensor (TAO) Breaks Out, Eyes Set on Higher Highs
Поделиться:
- Bittensor has climbed over 9%, reaching $255.
- TAO’s daily trading volume has surged by 42%.
A brief rebound in crypto assets might inject bullish sentiment into the market. All major assets are attempting to move toward the green zone. Meanwhile, Bittensor (TAO) has climbed over 9.16%, securing a top spot among the biggest gainers.
The opening price for Bittensor was $230.40, hitting a low for the day. After the bulls initiated the rally, the asset has pushed its price to the $259.68 range. TAO’s crucial resistance levels at $261.34 and $267.21 are to be tested to reinforce the bulls.
At the time of writing, Bittensor traded at around $255.08, with its market cap staying at $2.19 billion. Notably, the asset’s daily trading volume has reached $112 million.
Will the Bulls Keep Bittensor’s Momentum Alive?
The upside correction of Bittensor has the potential to climb to the $259 range. A continuous gain may form a golden cross, and it could push the asset’s price around $264.93, with the bullish pressure to keep up the pace.
If the downtrend emerges, the asset could see a slip in price, immediately testing the support at $249.22. Assuming the price reinforces its downside correction, and likely drives Bittensor below the $244 mark.
TAO’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line, indicating a bullish signal. This crossover could lead the asset to move upward, and the price continues to climb.
In addition, the Chaikin Money Flow (CMF) indicator stationed at 0.09 suggests a modest inflow of capital into the asset. Meanwhile, the daily trading volume of the asset has increased by over 42.69%.
The Bull Bear Power (BBP) indicator reading of 27.0 implies a strong bullish dominance within the market. Besides, TAO’s daily relative strength index (RSI), at 65.24, signals that the asset is in positive territory.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Highlighted Crypto News
Kyrgyzstan Takes Major Step Toward Digital Currency Implementation
В этой новости
Монеты
Поделиться:
В этой новости
Монеты
Поделиться:
Читать больше
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