Bittensor (TAO), a decentralized machine learning network, showed notable strength in the market. Amid broader volatility, TAO posted gains, reflecting growing interest in AI-powered blockchain technologies.
In this article, we will look at Bittensor crypto next target by looking at price chart and technicals.
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📊 Bittensor Crypto Next Target
- Current Price: $262.98
- 24h Price Change: +6.5%
- 24h Range: $246.91 – $262.98
- Market Cap: Approximately $2.1 billion
- 24h Trading Volume: Approximately $81.6 million
- Circulating Supply: Approximately 8.54 million TAO
- Total Supply: Approximately 21 million TAO
Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern and above $260 resistance, which could signal at least a temporary bullish trend reversal with +30% upside potential to $350 resistance.
Stop Loss at $245. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~58 (approaching overbought zone)
- MACD: Bullish crossover confirmed
- Support Level: $246.91
- Resistance Level: $267.50
- Current Trend: Uptrend with bullish momentum
📰 Latest Bittensor News & Developments
- 📈 Price Rebound
TAO rallied after a recent dip, with strong buyer support driving the price back toward monthly highs. - 📊 Technical Breakout
A bullish MACD crossover and increased volume hint at a sustained move above $267.50 if momentum holds. - 🤖 AI Blockchain Hype
Bittensor’s focus on decentralized AI computation continues to gain traction, with more developers exploring its unique network model.
📌 Summary
Bittensor is gaining momentum with bullish technicals and rising interest in its AI-focused blockchain model. If the price breaks above resistance at $267.50, it may set a path toward new monthly highs.
👉 Short-Term Forecast: Bullish with key resistance at $267.50
📉 Risk Factor: Moderate – dependent on broader market sentiment and continuation of current trend
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