Bittensor Price Skyrockets 33% This Week! Is $550 the Next Target?
Despite the ongoing market turmoil, Bittensor’s price maintained a bullish outlook, indicating an increase in buying sentiment. Additionally, the altcoin rose to more than 33% during its impressive price rally this week.
Want to know the price action of this altcoin? Let us understand the market analysis, technical sentiment, and possible short-term price outlook for Bittensor (TAO) crypto tokens in this article.
The price of the road soared by more than 33% in 7 days!
Bittensor’s price rose 15.61% in 24 hours, with trading volume of $320.474 million. Additionally, it has soared 18.31% over the past week, with YTD’s annual and above return of 4.17%. This further highlights the strong bullish outlook.
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Moving average convergence difference (MACD) records the rising green histogram, whose averages show similar price trends. This indicates an increased buying pressure on alternative tokens in the cryptocurrency market.
Additionally, EMA 50/200 days show bullishness in the daily time range. As its trendline records the high possibility of the golden cross, the price of the dou may continue to gain value in the upcoming time.
Will Bittensor Price reach a new 52-week high?
If bullish sentiment is maintained, Tao Crypto price may retest its $500 resistance level. Maintaining prices above this level could lead the altcoin to step upwards towards its $547 upward target over the next period.
However, if a bearish trend reversal occurs, the TAO price may retest its immediate support level of $437.5. Additionally, if bearish sentiment intensifies, this could cause the altcoin to lower its lower support level of $326.
Want to know the long-term price prospects of Dao Tokens? Read the latest information about Coinpedia BITTENSOR Price Forecast Until 2030, the possible mysteries will be unfolded!
FAQ
If bullish sentiment is maintained, the possible range of prices $634 and $1,098 This year.
Considering current market sentiment, Bittensor prices may reach maximum transaction value $3,798.
A 24-hour transaction volume is $320.474 million, and the value of a Tao Crypto token is $464.20.