TAO Price Surge Faces Resistance: Will It Hold Above $520?
Bittensor (TAO) saw a 111% surge in September, jumping from $264 to $587. However, as October starts, technical indicators suggest potential resistance ahead.
Will TAO Struggle in "Uptober"?
While October is typically bullish for cryptos, TAO’s strong rise, fueled by AI sector developments, might slow down. The Bollinger Bands show the token nearing the upper band at $660, indicating it may soon be overbought.
TAO's social dominance is also dropping, signaling declining investor interest. The RSI shows it's overbought, suggesting a possible pullback to $520, or even $445. However, if demand spikes, TAO could rally toward $700.
