- The trading volume of the TAO crypto has surged by 175% in the last 24 hours.
- The Bittensor price has risen by 27% in the last two days.
- The Bittensor crypto price is at an all-time high and the bulls are dominating.
According to the chart structure, the Bittensor (TAO) price is in a bullish trend and buyers are in control. The TAO crypto price has surged by 143% from mid-January, indicating the buyers’ complete domination.
Continuous buying was seen in January and currently, the Bittensor price has taken a pullback and registered a new all-time high of $535. The TAO crypto price has surpassed the last swing high and buyers seem to be strong.
The RSI is at 75.27 and is heading toward the overbought zone, indicating strong buying momentum. The TAO price is far over the 20-day moving average, indicating strong buying pressure.
The circulating supply of the Bittensor crypto is 6,189,886 TAO and the fully diluted market cap is $10,184,743,642. The maximum supply is 21,000,000 TAO and the total supply is 6,189,886 TAO.
TAO Price is at an All-time High; Will It Continue Bullish Trend?
On a daily time frame, the Bittensor crypto price has been in a bullish trend and is currently at an all-time high. As we can see on the chart, the TAO crypto price has taken a pullback and has surpassed the last swing high with strong buying momentum and has jumped by 18% in a day.
If the Bittersor price manages to sustain above the last swing high, it may approach the $600 mark in the next few weeks. If the buyers remain in control, the price may rise by forming higher highs and higher lows.
On the other hand, if the TAO price fails to sustain the $500 hurdle and slips below the $420 mark, a selling signal can be generated which may result in a negative momentum and the price may melt to the 20-day EMA. However, if the TAO crypto price fails to defend the 20-day EMA, it may easily drop to the $300 level and profit booking can be observed.
The Bittensor crypto is trading at $479 and it has risen by 6.86% in the last 24 hours. The market capitalization of TAO is $2.97 billion and the 24 hour trading volume is $36.04 million.
TAO Price Prediction FAQs
What is the Bittensor price prediction today?
The TAO crypto price is forecasted to gain 7.08% to hit $479.98 by today.
What is the TAO price prediction for today?
According to our technical analysis, the TAO price is forecasted to gain 5.00% to hit $504.08 by tomorrow.
What is the Bittensor price forecast for this week?
Based on our analysis, the TAO crypto price is forecasted to remain bullish and may range between $471.05 and 573.24 by the end of this week.
Will the Bittensor price reach $600?
The TAO crypto price would have to gain 25% to hit the $600 mark. According to our algorithm, the Bittensor price may hit $600 by the end of this month.
Conclusion
The TAO price has been in a strong bullish trend and at an all-time high as it has jumped by 100% in the last three weeks. According to the analysts, the Bittensor price may remain bullish above the 20-day moving average. A selling signal may be generated below the 20-day moving average.
Technical Levels
Resistance: $468.00 & $534.00
Support: $418.00 & $322.00
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.