TAO token price is trading above the $620 price level, rising by over 10% today.
RSI value stands at 66, confirming trend and pointing towards further price surge.
Bittensor’s TAO token is on a relentless 25% price surge for the past week. It is currently trading above $650, going up by more than 10% today. Technical indicators such as RSI and EMA are pointing towards further price surge, adding to the community buzz around TAO on X.
Source: CoinMarketCap
The uptrend of TAO token first started with Bittensor announcement of a new permissioned EVM feature around a couple of days ago. With the integration of the EVM feature, Bittensor enhances blockchain development and increases liquidity, bringing more users to the platform.
Since the new feature announcement, TAO has been on a continuous price surge and went above the $630 price level today. While the token price increased by over 10%, the trading volume is up by more than 40% in the last 24 hours. The market cap of TAO token is standing above $4.5 billion.
Will TAO Token Continue its Price Surge?
Source: TradingView
The RSI value of Bittensor’s TAO token price movements stands at 66, which justifies the current trend and suggests that there is more room for growth. Exponential Moving Average is also pointing towards an upward trend.
Adding to the technical indicators, the crypto community on X is positive about exponential growth of TAO token price. However, a price correction could take place in case the token enters an overbought condition.
The market cap of Bittensor’s TAO token market cap has already surpassed top AI tokens such as RENDER, GRT, INJ and is positioned in the top 3 AI crypto tokens. With strong fundamentals and infrastructure developments, Bittensor is emerging as one of the top AI crypto projects.
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