The Bittensor price (TAO) is up less than 1% in the last 24 hours, but it stands out like the only coin in the green, while others like renders, fet and INJ are all in red. TAO’s technical indicators suggest a growing bullish dynamic, its bbtrend reaching its highest level in three weeks and a potential golden transformation on its EMA lines.
In addition, the configuration of the Ichimoku cloud remains positive, reinforcing the possibility more upwards. Whether TAO can recover $ 500 in February or cope with a decline will depend on how it reacts to key resistance and support levels in the coming days.
Tao Ichimoku Cloud Flashs Bullish Configuration
The Cloud Ichimoku graphic shows a bullish configuration, with Tao Price currently exchanging above the cloud, indicating strong momentum. The Cloud Green Ahead suggests that the support is formed, which could help maintain the upward trend.
In addition, the price remains above the Blue Tenkan-Sen line, indicating that short-term momentum is still in favor of Bulls. However, the recent decline suggests that a certain resistance is encountered, and a deeper correction could test lower support levels.
If Tao maintains its position above the cloud, the upward trend could continue, with potential retains of recent peaks. However, if the sales pressure increases and the price falls below the Tenkan-Sen and Kijun-Sen lines, a movement towards the cloud could occur.
Ventilation in the cloud would point out a transition to consolidation, while a drop below could indicate a potential tendency reversal. For the moment, the global perspectives remain optimistic as long as Bittensor remains above key support levels.
Tao Bbtrend climbs 3 weeks high
Tao Bbtrend increased to 10.6, against 1 earlier during the day, after being negative yesterday and reached -2.7. This marks a significant change in the momentum, because Bbtrend becoming positive often indicates an increasing upward pressure.
These include the highest level since January 7, suggesting a potential strengthening trend. Tao was the only winner of the day among the five best cryptos in artificial intelligence.
Bbtrend (Bollinger Band Trend) measures the momentum by analyzing the positioning of the prices in the Bollinger bands. The positive values indicate a bullish momentum, while the negative values suggest a downward pressure.
With Bbtrend de Tao now at 10.6, the strongest level for weeks, he points out that the purchase of the momentum returns. If he continues to climb, the price of the bittenser could push higher, but if it starts to decrease, a short -term correction can follow.
TAO Prix Prediction: Will it come back to $ 500?
The EMA lines of Tao indicate that a golden cross could be formed soon, because the short-term mobile average increases and approaches a crossing over the longest.
If this Haussier signal confirms, Tao could take momentum and test the level of resistance of $ 495. An escape greater than that which could push the price to $ 522, and if the upward trend remains solid, the TAO price can be recovered at $ 588, marking a potential overvoltage of 26%.
However, if the upward trend does not undergo maintenance and the reversals of the momentum, Tao could face a decline towards the level of support of $ 434. The loss of this support could accelerate the decline, with other decrease targets to $ 382 and $ 362.
A drop at these levels could put Tao at the risk of losing its position as a better artificial intelligence piece in market capitalization.
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