Bittensor

Date: Fri, Sept 20, 2024, 04:48 AM GMTThe cryptocurrency market is on bullish ride! Over the last 48 hours, a significant rally has begun after the U.S. Federal Reserve made decision to cut interest rates by <a href="https://coinsprobe.com/50bps-rate-cut-by-fed-sees-bitcoin-rise-fet-hnt-and-ftm-soar-higher/" rel="noopener noreferrer nofollow">50 basis points</a>. This move has sparked a wave of positivity, sending the market upward. Bitcoin (BTC) alone jumped by 3.07% in the last 24 hours, pushing its price closer to $64,000.But it’s not just Bitcoin that’s gaining attention. <a href="https://coinsprobe.com/ai-tokens-near-fet-and-tao-experience-double-digit-gains-bullish-rally-ahead/" rel="noopener noreferrer nofollow">AI tokens</a> are having a moment, with Bittensor (TAO) leading the pack. In the last 24 hours, TAO surged by an impressive 14.21%, and over the past 7 days, it’s up nearly 44%, making it the top gainer among AI-related cryptocurrencies.Currently, TAO is trading at $424, just near of its next resistance level of $433.07. If TAO manages to break through this resistance, analysts predict it could climb toward $494, representing a potential 16% upside from its current price.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a398fd2d4c9d49a8a5b5c621416f0001.png" /><h3 id="analyst-sees-massive-potential-ahead">Analyst Sees Massive Potential Ahead</h3>Crypto trader <a href="https://x.com/Joyfuljairo123/status/1836602687489450125" rel="noopener noreferrer nofollow">Crypto Jaibrah</a> shared an optimistic outlook for TAO, stating that the token has been repeating a familiar pattern. According to him, &#34;Last summer, $TAO formed a head and shoulders pattern and broke out to the upside in the fall, pumping 1,100%. Now, $TAO is showing the same fractal pattern.&#34;<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f890c1cc2e284fbf8b8670e24b849769.jpeg" />Credits: Crypto JaibrahJaibrah suggests that if history repeats itself, we could see TAO hit $4,000 by Q1 2025, assuming it breaks above the key $400 level.With Bittensor’s recent performance and growing excitement around AI technologies, many are keeping a close eye on TAO for potential long-term gains.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Read More: <a href="https://coinsprobe.com/jamycoin-soars-after-major-breakout-key-level-to-watch-for-rally-confirmation/" rel="noopener noreferrer nofollow">Jamycoin Soars After Major Breakout: Key Level to Watch for Rally Confirmation</a>

Bittensor (TAO) Surges In AI Tokens With Bullish Rally; Analyst Highlights Huge Potential Ahead.

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