Bittensor Price Prediction: TAO Soars 12% As This New AI Agent Crypto Raises Over $5.7 Million In Presale – Best Crypto To Buy Now?
The Bittensor price soared 12% in the last 24 hours to trade at $411.62 as of 11:17 a.m. EST on trading volume that surged 24% to $204 billion. This comes as Artificial Intelligence (AI) cryptos surged 7% to a $28 billion market capitalization, according to Coingecko . Bittensor Price Aims For A Breakout The TAO price Analysis on the day chart displays a notable falling wedge pattern that appears to be on the verge of a breakout. The Bittensor price has been in a prolonged downtrend, forming lower highs and lower lows, but recent price action suggests a shift in momentum. The wedge formation, characterized by converging trendlines, typically signals a potential bullish reversal upon a breakout. Currently, the price of TAO is testing the upper boundary of the wedge, and a decisive move above this resistance could trigger a strong upward rally. The chart also highlights a key resistance zone around $700, which aligns with a previous high, according to GeckoTerminal data. If the...