Bittensor (TAO) Price Analysis

Bittensor (TAO) has finally pushed above the resistance at $560 after trading sideways for most of the previous week. TAO had been incredibly bullish since September 17, when it was trading around $234. By the beginning of the previous week, it had surged past $500 and was trading around the $540 mark. Buyers attempted to push TAO past the $560 level all of last week but could not do so as it entered a period of sideways consolidation, with buyers keeping the price above $500 and sellers preventing a move past $560

This changed over the weekend after TAO registered a drop of 2.44% on Saturday and fell to $535. The price rebounded on Sunday, posting an increase of 5.31% to push above $560 and settle at $564. The current week began with TAO experiencing significant volatility as sellers attempted to drive it back below $560. However, they could not do so, and buyers gained the upper hand, pushing TAO to $577. The current session sees buyers still in control, with their sights set on $600. As we can see in the price chart, TAO has already attempted to move past $600 but has not been able to stay above that level. Currently, TAO is up by 1.37% and trading around the $585 mark

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