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Can Bittensor [TAO] Reach $800? Current Analysis Shows Potential
Bittensor [TAO] demonstrates signs of extended bullish momentum after a 20% surge within 24 hours. With a breakout from a descending channel and heightened trader activity, speculation grows around a possible "cup-and-handle" formation that could signal further growth.
TAO Gains Momentum, Approaches Key Resistance
TAO's price action suggests the start of a strong upward trend. Currently trading at $525.9, the cryptocurrency is nearing the critical resistance level of $607.
Breaking above $607 could confirm a bullish reversal and pave the way for growth toward $800, based on historical price structures.Failing to breach $607 may lead to short-term consolidation, offering traders a chance to reassess market conditions.
Fibonacci Analysis Supports Bullish Scenario
According to Fibonacci levels, TAO has surpassed the 0.618 retracement level at $492, indicating a continuation of its upward trend.
The next significant level lies near the 1.618 extension at $660, which could serve as the next target for bulls.
RSI at 52.98 indicates a neutral position with room for further growth, though overbought conditions might slow momentum in the short term.
Growing Social Dominance and Market Interest
TAO's social dominance has risen from 0.168% to 0.375%, reflecting increased awareness and discussion across platforms.
This surge often correlates with heightened trading activity and investor optimism. However, increased interest may sometimes lead to greater volatility, warranting caution.
Bullish Sentiment Among Traders and Rising Open Interest
The proportion of long positions has reached 61.22%, underscoring the prevailing bullish sentiment. However, this imbalance could trigger a correction if sudden selling pressure emerges.
Open Interest has risen by 28.44% to $218.74 million, highlighting strong market participation and growing trader confidence.
Conclusion: TAO Has Room to Grow
With technical indicators supporting further upward movement and rising trader confidence, TAO’s rally appears poised for continued growth.
Nonetheless, traders should remain vigilant against potential short-term fluctuations and adapt their strategies to current market conditions.
#bittensor , #CryptoAnalysis , #priceprediction , #TAO , #cryptocurrencies
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
TAO Gains Momentum, Approaches Key Resistance
TAO's price action suggests the start of a strong upward trend. Currently trading at $525.9, the cryptocurrency is nearing the critical resistance level of $607.
Breaking above $607 could confirm a bullish reversal and pave the way for growth toward $800, based on historical price structures.Failing to breach $607 may lead to short-term consolidation, offering traders a chance to reassess market conditions.
Fibonacci Analysis Supports Bullish Scenario
According to Fibonacci levels, TAO has surpassed the 0.618 retracement level at $492, indicating a continuation of its upward trend.
The next significant level lies near the 1.618 extension at $660, which could serve as the next target for bulls.
RSI at 52.98 indicates a neutral position with room for further growth, though overbought conditions might slow momentum in the short term.
Growing Social Dominance and Market Interest
TAO's social dominance has risen from 0.168% to 0.375%, reflecting increased awareness and discussion across platforms.
This surge often correlates with heightened trading activity and investor optimism. However, increased interest may sometimes lead to greater volatility, warranting caution.
Bullish Sentiment Among Traders and Rising Open Interest
The proportion of long positions has reached 61.22%, underscoring the prevailing bullish sentiment. However, this imbalance could trigger a correction if sudden selling pressure emerges.
Open Interest has risen by 28.44% to $218.74 million, highlighting strong market participation and growing trader confidence.
Conclusion: TAO Has Room to Grow
With technical indicators supporting further upward movement and rising trader confidence, TAO’s rally appears poised for continued growth.
Nonetheless, traders should remain vigilant against potential short-term fluctuations and adapt their strategies to current market conditions.
#bittensor , #CryptoAnalysis , #priceprediction , #TAO , #cryptocurrencies
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
5 altcoins that welcomed the new year with an increase.
Although the crypto market entered the new year with a decline, the recovery in the price of Bitcoin ($BTC ) on the first business day of the year triggered the rise of some altcoins. Here are five altcoins that entered the new year with an upward trend:
Fartcoin (FARTCOIN)
#FARTCOIN , which has been gaining popularity in the last months of 2024 and reached a market valuation of $ 1 billion in a short time, became the altcoin that gained the most value in the first days of the new year. FARTCOIN, which has recorded a massive increase of 46 percent in the last 24 hours, is trading at $ 1.40 as of writing the news.
DeXE (DEXE)
#DEXE , which acts as a governance token for decentralized autonomous organizations, increased by 35.59 percent in the last 24 hours and reached the $ 20.90 band. The market value of DEXE, which has blinked at an all-time high of $33.54, has reached $1.2 billion.
Virtuals Protocol (VIRTUALS)
#VIRTUALS , the native token of the artificial intelligence assistant Virtuals Protocol, seems to have carried the jaw-dropping performance of 14 thousand percent it recorded last year into the new year. VIRTUALS, which has increased by 21.92 percent in the last 24 hours, is trading at $4.73 as of the writing of the news. The market value of VIRTUALS has surpassed $4 billion.
Bittensor (TAO)
#Bittensor , one of the important projects of the recent artificial intelligence trend, is also one of the altcoins in the rising pot. TAO, which gained 22.3 percent in the last 24 hours, is trading at $521. TAO's market value has exceeded $3.8 billion.
Core (CORE)
#CORE , a Layer-1 blockchain network compatible with the Ethereum Virtual Machine, is another altcoin that has attracted attention with its rise in the new year. CORE, which has gained 17.55 percent in the last 24 hours, is changing hands at $1.24 as of writing the news. CORE's market value is $1.15 billion.
$BTC $TAO
Although the crypto market entered the new year with a decline, the recovery in the price of Bitcoin ($BTC ) on the first business day of the year triggered the rise of some altcoins. Here are five altcoins that entered the new year with an upward trend:
Fartcoin (FARTCOIN)
#FARTCOIN , which has been gaining popularity in the last months of 2024 and reached a market valuation of $ 1 billion in a short time, became the altcoin that gained the most value in the first days of the new year. FARTCOIN, which has recorded a massive increase of 46 percent in the last 24 hours, is trading at $ 1.40 as of writing the news.
DeXE (DEXE)
#DEXE , which acts as a governance token for decentralized autonomous organizations, increased by 35.59 percent in the last 24 hours and reached the $ 20.90 band. The market value of DEXE, which has blinked at an all-time high of $33.54, has reached $1.2 billion.
Virtuals Protocol (VIRTUALS)
#VIRTUALS , the native token of the artificial intelligence assistant Virtuals Protocol, seems to have carried the jaw-dropping performance of 14 thousand percent it recorded last year into the new year. VIRTUALS, which has increased by 21.92 percent in the last 24 hours, is trading at $4.73 as of the writing of the news. The market value of VIRTUALS has surpassed $4 billion.
Bittensor (TAO)
#Bittensor , one of the important projects of the recent artificial intelligence trend, is also one of the altcoins in the rising pot. TAO, which gained 22.3 percent in the last 24 hours, is trading at $521. TAO's market value has exceeded $3.8 billion.
Core (CORE)
#CORE , a Layer-1 blockchain network compatible with the Ethereum Virtual Machine, is another altcoin that has attracted attention with its rise in the new year. CORE, which has gained 17.55 percent in the last 24 hours, is changing hands at $1.24 as of writing the news. CORE's market value is $1.15 billion.
$BTC $TAO
Tabinda shaikh:
wooow it's really awesome👍👍👍👍
$TAO Support Reached !
The first horizontal support got reached, so I bought more #TAO here
I've been telling about this limit order in my previous post and in my latest videos
If we go lower, I'll buy even more $TAO
Are you buying the dip for #bittensor as well ?
The first horizontal support got reached, so I bought more #TAO here
I've been telling about this limit order in my previous post and in my latest videos
If we go lower, I'll buy even more $TAO
Are you buying the dip for #bittensor as well ?
See original
$TAO We didn't talk in vain! There is something we know, we wrote it, we said it would fly, we said it would be a rocket, we said it would go to space!!! Morning of July 26 #bittensor $500
$TAO Ready for a Break Out 🚀
After bouncing from critical daily support, #TAO🔥🔥🔥🔥 is close to a big trend reversal !
If we break this Falling Wedge, the Break out target for #bittensor will be around the $750 📈
After bouncing from critical daily support, #TAO🔥🔥🔥🔥 is close to a big trend reversal !
If we break this Falling Wedge, the Break out target for #bittensor will be around the $750 📈
$TAO Falling Wedge !
This Massive formation is unfolding on the daily chart for #TAO🔥🔥🔥🔥
Can we see a trend reversal soon for #bittensor ?
This Massive formation is unfolding on the daily chart for #TAO🔥🔥🔥🔥
Can we see a trend reversal soon for #bittensor ?
Today's trading volume of Smart Money has rebounded after a dull Monday 🔥
$PEPE - Buying pressure has returned, pushing #PEPE to lose the 0 digits. However, it has encountered strong resistance at the price range of 0.0(4)101.
Currently, it is attempting to break out of this price range and seek new all-time highs in 2024.
$wQUIL - Quilibrium_xyz has just launched and airdropped, with strong accumulation in the price range of 0.15-0.16. The price has almost doubled from the initial buying points.
$TAO - #bittensor is observed to fall into the accumulation zone of Smart Money when the price is below $360-$370.
Currently, there is a phenomenon of quick buying and selling at the sideways price range of $340 - $380.
$BEAMX - Beamx has made a comeback after nearly 3 months of absence from the Smart Money accumulation board.
The price has returned to the range of ~0.022, which has been a strong support zone for Beam in the past month, indicating the withdrawal of BEAM from Smart wallets on CEX.
$MUBI - The price of MUBI has dropped nearly 10% in a day, mainly due to selling pressure from whales, but there has been buying pressure from Smart Money.
powered by iCrypto.ai #iCrypto
$PEPE - Buying pressure has returned, pushing #PEPE to lose the 0 digits. However, it has encountered strong resistance at the price range of 0.0(4)101.
Currently, it is attempting to break out of this price range and seek new all-time highs in 2024.
$wQUIL - Quilibrium_xyz has just launched and airdropped, with strong accumulation in the price range of 0.15-0.16. The price has almost doubled from the initial buying points.
$TAO - #bittensor is observed to fall into the accumulation zone of Smart Money when the price is below $360-$370.
Currently, there is a phenomenon of quick buying and selling at the sideways price range of $340 - $380.
$BEAMX - Beamx has made a comeback after nearly 3 months of absence from the Smart Money accumulation board.
The price has returned to the range of ~0.022, which has been a strong support zone for Beam in the past month, indicating the withdrawal of BEAM from Smart wallets on CEX.
$MUBI - The price of MUBI has dropped nearly 10% in a day, mainly due to selling pressure from whales, but there has been buying pressure from Smart Money.
powered by iCrypto.ai #iCrypto
$TAO Pumping and Breaking Out Soon !
#TAO🔥🔥🔥🔥 is inside of this Horizontal range and also in a huge consolidating formation on the Daily chart
Buying $TAO below $300 was a lifetime opportunity in my opinion
Who is ready for a huge move for #bittensor ?
#TAO🔥🔥🔥🔥 is inside of this Horizontal range and also in a huge consolidating formation on the Daily chart
Buying $TAO below $300 was a lifetime opportunity in my opinion
Who is ready for a huge move for #bittensor ?
$TAO Looking Bullish!
Since the retest to test the support again, #TAO🔥🔥🔥🔥 is up for 60% already
I've been buying at support, just like I warned you about.
Can we see more Bullish Price Action for #bittensor ?
Since the retest to test the support again, #TAO🔥🔥🔥🔥 is up for 60% already
I've been buying at support, just like I warned you about.
Can we see more Bullish Price Action for #bittensor ?
💥💥💥 Grayscale Initiates New $MKR Investment Fund
Grayscale Launches Fund for MakerDAO’s MKR Token
On August 13, Grayscale Investments introduced the Grayscale #makerdao Trust, a new fund focused on MakerDAO’s MKR token. This fund offers qualified investors exposure to MKR, the governance and utility token of the MakerDAO decentralized organization. It is part of Grayscale’s single-asset crypto investment products and is not publicly traded.
Expansion of Grayscale’s Product Lineup
Grayscale has recently expanded its product range with new funds for #bittensor and #SUI🔥 tokens, and now manages over $25 billion in assets. Known for its Bitcoin and Ethereum ETFs, including GBTC and ETHE, Grayscale also offers single-asset funds for tokens like Basic Attention Token (BAT) and Chainlink (LINK). MakerDAO, a DeFi protocol, issues the DAI stablecoin and manages on-chain credit products. In July, MakerDAO revealed plans to invest $1 billion in tokenized US treasury bonds.
Market Insights
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, emphasized that the MakerDAO Trust allows investors to benefit from the growth of MakerDAO’s ecosystem. Grayscale’s global head of ETFs, Dave Lavalle, predicted a shift towards more diverse crypto ETFs, including single-asset and index-based products.
Key Takeaways
- Qualified investors can now invest in MKR through Grayscale’s new fund.
- Grayscale is expanding its product offerings with new funds and tokens.
- The MakerDAO Trust provides exposure to MakerDAO’s ecosystem and its potential growth.
- This launch reflects Grayscale’s commitment to diversifying cryptocurrency investment opportunities.
Source - en.bitcoinhaber.net
#BinanceSquareTrends
Grayscale Launches Fund for MakerDAO’s MKR Token
On August 13, Grayscale Investments introduced the Grayscale #makerdao Trust, a new fund focused on MakerDAO’s MKR token. This fund offers qualified investors exposure to MKR, the governance and utility token of the MakerDAO decentralized organization. It is part of Grayscale’s single-asset crypto investment products and is not publicly traded.
Expansion of Grayscale’s Product Lineup
Grayscale has recently expanded its product range with new funds for #bittensor and #SUI🔥 tokens, and now manages over $25 billion in assets. Known for its Bitcoin and Ethereum ETFs, including GBTC and ETHE, Grayscale also offers single-asset funds for tokens like Basic Attention Token (BAT) and Chainlink (LINK). MakerDAO, a DeFi protocol, issues the DAI stablecoin and manages on-chain credit products. In July, MakerDAO revealed plans to invest $1 billion in tokenized US treasury bonds.
Market Insights
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, emphasized that the MakerDAO Trust allows investors to benefit from the growth of MakerDAO’s ecosystem. Grayscale’s global head of ETFs, Dave Lavalle, predicted a shift towards more diverse crypto ETFs, including single-asset and index-based products.
Key Takeaways
- Qualified investors can now invest in MKR through Grayscale’s new fund.
- Grayscale is expanding its product offerings with new funds and tokens.
- The MakerDAO Trust provides exposure to MakerDAO’s ecosystem and its potential growth.
- This launch reflects Grayscale’s commitment to diversifying cryptocurrency investment opportunities.
Source - en.bitcoinhaber.net
#BinanceSquareTrends
$TAO still needs one last dip to the 0.382 range around @ ~250$
In case it dropped there, then it shall be fine as I believe that the overall analysis is very positive and it should reach and pass +1000$ with whatever time it needs. ⭐💰
#BittensorTAO #bittensor
In case it dropped there, then it shall be fine as I believe that the overall analysis is very positive and it should reach and pass +1000$ with whatever time it needs. ⭐💰
#BittensorTAO #bittensor
$TAO flipped $FET and now ranks as the largest #AI token with the market capitalization of $4.62 at the price of $632 per token.
➡️ https://www.tradingdigits.io/crypto-heatmap
#TAO🔥🔥🔥🔥 #TAO/USDT #TAOTrading #bittensor #BittensorTAO
➡️ https://www.tradingdigits.io/crypto-heatmap
#TAO🔥🔥🔥🔥 #TAO/USDT #TAOTrading #bittensor #BittensorTAO
⚡️ JUST IN: #Binance is set to list Bittensor ($TAO ) and open trading for its spot pairs on April 11, 2024, at 12:00 UTC.
#bittensor #BittensorTAO #BinanceLaunchpool #TrendingTopic
#bittensor #BittensorTAO #BinanceLaunchpool #TrendingTopic
🚀 Exciting news for AI enthusiasts! Bittensor is revolutionizing the way we distribute and manage artificial intelligence. 🤖
🔍 Bittensor is a decentralized platform that provides a framework for developing and deploying machine learning algorithms and AI models on blockchain networks. By leveraging blockchain technology, Bittensor enables transparent, secure, and scalable collaboration on AI projects without the need for a central authority.
💡 With Bittensor, users can collaborate and exchange AI models seamlessly, opening up new possibilities for decentralized AI applications across various industries. Whether you’re a developer, researcher, or AI enthusiast, Bittensor offers a platform to explore, experiment, and innovate in the field of artificial intelligence.
🌐 Join the decentralized AI revolution with Bittensor and discover the future of AI on the blockchain! Learn more and get involved today. #Binance #Bittensor #AI #Blockchain #Innovation
#bittensor #Tao
🔍 Bittensor is a decentralized platform that provides a framework for developing and deploying machine learning algorithms and AI models on blockchain networks. By leveraging blockchain technology, Bittensor enables transparent, secure, and scalable collaboration on AI projects without the need for a central authority.
💡 With Bittensor, users can collaborate and exchange AI models seamlessly, opening up new possibilities for decentralized AI applications across various industries. Whether you’re a developer, researcher, or AI enthusiast, Bittensor offers a platform to explore, experiment, and innovate in the field of artificial intelligence.
🌐 Join the decentralized AI revolution with Bittensor and discover the future of AI on the blockchain! Learn more and get involved today. #Binance #Bittensor #AI #Blockchain #Innovation
#bittensor #Tao
$TAO Falling Wedge & Interesting Accumulation Zone
#TAO🔥🔥🔥🔥 looks ready for a HUGE trend reversal on the Daily timeframe
We are at the support level of the falling wedge and also at critical daily support
I'm bullish on #bittensor
#TAO🔥🔥🔥🔥 looks ready for a HUGE trend reversal on the Daily timeframe
We are at the support level of the falling wedge and also at critical daily support
I'm bullish on #bittensor
🚨 Breaking News: Surprise Announcement
from Binance (TAO) - Project Listing Revealed
Binance has disclosed that it will list #bittensor (#TOA ) and commence spot trading for the following pairs starting from April 11, 2024, at 12:00 (UTC):
- TAO/BTC
- TAO/USDT
- TAO/FDUSD
- TAO/TRY
Users are encouraged to deposit TAO tokens to prepare for trading, with the withdrawal process set to open on April 12, 2024, at 12:00 (UTC). Notably, there is no listing fee for TAO.
About Bittensor (TAO):
Bittensor is a P2P machine learning protocol designed to incentivize participants in training and executing machine learning models in a decentralized manner.
Important Notes:
TAO is a new token and may experience higher risk and price volatility. Users are advised to practice proper risk management, conduct thorough research on TAO fundamentals, and fully comprehend the project before engaging in token trading.
Additionally, the Seed Label will be applied to TAO, indicating its innovative nature and potentially higher risks and volatility compared to other tokens listed on Binance.
Stay informed and exercise caution when trading tokens like TAO on Binance.
#binance #BNB #BinanceLaunchpool
from Binance (TAO) - Project Listing Revealed
Binance has disclosed that it will list #bittensor (#TOA ) and commence spot trading for the following pairs starting from April 11, 2024, at 12:00 (UTC):
- TAO/BTC
- TAO/USDT
- TAO/FDUSD
- TAO/TRY
Users are encouraged to deposit TAO tokens to prepare for trading, with the withdrawal process set to open on April 12, 2024, at 12:00 (UTC). Notably, there is no listing fee for TAO.
About Bittensor (TAO):
Bittensor is a P2P machine learning protocol designed to incentivize participants in training and executing machine learning models in a decentralized manner.
Important Notes:
TAO is a new token and may experience higher risk and price volatility. Users are advised to practice proper risk management, conduct thorough research on TAO fundamentals, and fully comprehend the project before engaging in token trading.
Additionally, the Seed Label will be applied to TAO, indicating its innovative nature and potentially higher risks and volatility compared to other tokens listed on Binance.
Stay informed and exercise caution when trading tokens like TAO on Binance.
#binance #BNB #BinanceLaunchpool
TAO — Ready for Takeoff?
Bittensor (TAO) is shaping up for an exciting move.
Double Bottom
• Formed at $215 (early July + early August)
• Strong bounces both times
Consolidation Channel
• Currently sitting in the middle, poised to break higher
Key level to watch and entry: $355 resistance.
If TAO breaks through, there’s potential for a 25% gain, targeting the next resistance at $450.
$TAO #bittensor
Bittensor (TAO) is shaping up for an exciting move.
Double Bottom
• Formed at $215 (early July + early August)
• Strong bounces both times
Consolidation Channel
• Currently sitting in the middle, poised to break higher
Key level to watch and entry: $355 resistance.
If TAO breaks through, there’s potential for a 25% gain, targeting the next resistance at $450.
$TAO #bittensor