TAO Price Jumps 15%, Indicators Point to Bullish Momentum
The price of Bittensor (TAO) has increased by 15% in the past 24 hours, continuing to challenge RENDER for second place among the largest artificial intelligence cryptocurrencies, while VIRTUAL firmly holds the first position.
The upward trend reflects the positive sentiment surrounding artificial intelligence-related tokens, supported by strong technical indicators. However, whether TAO can maintain momentum and gain further upside will depend on the sustainability of its current trend and key support and resistance levels.
Ichimoku Cloud paints a bullish picture for Bittensor
Ichimoku Cloud Atlas Dow It shows a strong bullish pattern as the price has decisively broken out of the red cloud. The breakout signaled a shift in market sentiment, with buyers taking control and pushing prices higher.
The green cloud ahead, formed by the upward sloping Senkou Span A and B lines, further reinforces this bullish outlook, indicating that near-term momentum is expected to remain positive.
Additionally, the blue Tenkan-sen (conversion line) is above the orange Kijun-sen (baseline), indicating strong short-term price momentum relative to the long-term trend. Green Chikou Span (lag span) is well above price and cloud. This confirms bullish consistency with past price action.
for Bittensor price To keep this upward momentum going, it must stay above the clouds and continue to build on the recent breakout. However, any pullback could signal a potential loss of bullish momentum or a period of consolidation.
TAO ADX shows uptrend is strengthening
TAO’s ADX (Average Directional Index) is currently at 29, up sharply from 14.5 a day ago. This sharp rise indicates that the strength of the current trend has increased significantly, consistent with TAO’s apparent attempt to establish an uptrend. The recent surge makes Bittensor the third largest Artificial Intelligence Coins in Cryptocurrency.
ADX measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and readings below 20 indicating weak or non-existent trend momentum.
ADX is 29, Request sorting It is now firmly in strong trend territory, indicating that the emerging uptrend has gained solid momentum. This level suggests that buying activity is driving prices higher and confidence is growing. If this momentum continues, this trend is likely to continue in the short term.
TAO Price Forecast: A further 25% rise?
If the current uptrend strengthens further, TAO’s EMA line indicates that a golden cross may form. This would signal continued upward momentum and could drive TAO price Testing resistance at $565.
If this level is exceeded, the price could continue to rise towards $645, representing a potential 25% price increase. This move may make TAO a The largest artificial intelligence coin on the marketbeyond RENDER and VIRTUAL.
On the other hand, if an uptrend loses momentum and cannot be sustained, TAO price May face adjustments. In this case, the price may first test the $487 support. A break below this level could lead to a deeper decline. This would take TAO price down to $449, setting up a possible 12.9% retracement.
Disclaimer
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