TAO Price Holds Strong as Bittensor Leads AI Crypto Market
In the past 24 hours, the price of Bittersor (TAO) is less than 1 %, but it is the only top coin in green, while other people are similar to other people such as fET and ING. Tao’s technical indicators show that its BBTREND reached the highest level within three weeks and formed a potential gold cross on its EMA line.
In addition, the iChimoku cloud settings are still positive, which enhances the possibility of further rising space. Tao’s recovery of $ 500 in February or facing the callback will depend on its response to the next few days to the key resistance and support level.
TAO iChimoku Cloud’s flickering setting settings
The iChimoku cloud chart shows the bullish settings, pottery The current price is trading above the cloud, indicating that the momentum is strong. The green cloud in front of me shows that it is forming support, which can help maintain the upward trend.
In addition, the price is maintained on the blue Tenkan-Sen line, which shows that the short-term momentum still supports the bull. However, the recent callback shows that when you encounter certain resistance, a deeper correction can test a lower level of support.
If Tao keeps its position on the cloud, the trend of bullish bullish may continue and may re -test high. However, if the sales pressure increases and the price drops below the Tenkan-Sen and the Kijun-Sen line, it may be transferred towards the cloud.
The collapse of the cloud will indicate the consolidation of the turn, and the decline in decline may indicate the potential trend reversal. At present, as long as the overall prospect is still optimistic ask Keep above the key support level.
Tao BBTREND climb to 3 weeks high
pottery After BBTREND was negative and reached -2.7 yesterday, it has soared from 1 o’clock earlier today to 10.6. This marks a major change in momentum, because BBTREND turns to normal indicates that the increase in bullish pressure has increased.
It is worth noting that this is the highest level since January 7, which indicates the potential to strengthen the trend. Tao is the only biggest champion on the day Artificial intelligence encryptionEssence
Bbtrend (bollinger band Trend) Measure the momentum by analyzing the price positioning in the Blin band. The positive value indicates the momentum of watching a bullish, and negative values indicate the pressure of the drop.
As TAO’s BBTREND is now 10.6, this is the strongest level in a few weeks, and it shows that the purchase momentum is recovering. If it continues to rise, Bittersor price It can be pushed up, but if it starts to decrease, short -term correction may be performed.
Road price prediction: Will it return $ 500?
Tao’s EMA cable shows that because the shortest moving average is rising, and the longest cross -border line that spans the longest spanning, it will soon form a golden cross.
If the bullish signal is confirmed, TAO can get momentum and test the resistance level of $ 495. The above breakthrough may push the price to $ 522. If the upward trend is still strong, Road price It may rise to $ 588, marking a potential 26 % surge.
However, if the upward trend cannot be maintained and the momentum reverses, Tao may face the level of support of $ 434. Losing this support may be accelerated, and further downward targets are $ 382 and $ 362.
The risk of falling to these levels may lose its highest position AI Market value coin.
Exempt statement
and Trust project Guide, this price analysis article is only used for information purposes and should not be regarded as financial or investment proposals. Beincrypto is committed to accurate and fair reports, but market conditions may change without notice. Before making any financial decisions, be sure to conduct your own research and consult professionals. Please note, our terms and Conditions,,,,, Privacyand Exempt statement Updated.
