Bittensor Price Surges 18%: Will It Hit $500 Soon? 📊📈🔥🚀#TopCoinsJune2024

After the recent Fed cut, Bitcoin as well as many altcoins are on an upward trajectory amid improving sentiment. Bitcoin is approaching the key $64K mark, sparking a fresh wave of expectations in the market.🩸🔥

In the winners’ list, Bittensor (TAO) seems to be one step ahead of everyone else. The coin has overcome a long 3-month consolidation phase and rewarded investors with notable gains. TAO price is on a 5-day winning streak and has been the standout performer this week.🩸🔥

TAO price was rejected from higher levels in mid-May and has fallen. The price has completed a 4-month correction and consolidation cycle that has now come to an end. Bulls are currently leading the trend and may continue to push the price higher in the short term. Straight gains are expected until the next psychological level of $500 by analysts. 🩸🔥

The resistance from $360 has turned into support and could provide support to TAO price if a pullback is observed on the charts. TAO has also surpassed the 20- and 50-day EMAs which have turned into dynamic support levels. 🩸🔥 $TAO