bullish

Bittensor

Resistance

Gains

<p>Bittensor (TAO) has gained momentum in recent trading sessions, with the token currently priced at $587.84, according to CoinGecko. Over the past day, TAO has experienced a <a href="https://www.coingecko.com/en/coins/bittensor" target="_blank" rel="noopener noreferrer nofollow">13.05% increase </a>in value, reflecting strong price action.&nbsp;</p>
<p>Analyst Sjuul from AltCryptoGems provided an in-depth analysis of TAO’s chart, highlighting crucial resistance and support levels.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-local-resistance-and-price-targets-strong"><strong>Local Resistance and Price Targets</strong></h2>
<p>Sjuul’s analysis emphasizes the current local resistance level that TAO is testing. This level serves as a key decision point for the token’s price trajectory. If TAO can break above this local resistance and sustain its price at higher levels, the next target is the real resistance further up the chart.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Request #1 – <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Very clear levels on high time frame and very strong price action.<br>I can see some local resistance here, if we flip it we should trade to the real resistance next, if we're rejected I might expect another visit to mid-range. <a href="https://t.co/rQoVtlJhuS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rQoVtlJhuS</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1842208049903161450?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>However, if the price fails to flip this resistance into support, TAO may experience a pullback toward the mid-range zone. This technical setup highlights two potential scenarios: <a href="https://www.cryptopolitan.com/bittensor-tao-becomes-top-gainer-among-recovering-ai-narrative/" target="_blank" rel="noopener noreferrer nofollow">a bullish continuation</a> if resistance is breached or a bearish retracement if rejection occurs.</p>
<h2 class="wp-block-heading" id="strong-bullish-scenario-breaking-above-resistance-strong"><strong>Bullish Scenario: Breaking Above Resistance</strong></h2>
<p>In the bullish case, if TAO successfully surpasses local resistance, it would likely trigger further upward momentum. The next resistance level would serve as the new target, potentially driving increased interest from traders.&nbsp;</p>
<p>Moreover, this move would indicate continued strong price action, signaling the possibility of additional gains in the coming sessions. Sjuul points out that a breakout beyond resistance would confirm <a href="https://captainaltcoin.com/bittensor-tao-price-rally-just-getting-started-multiple-indicators-turn-bullish-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">the bullish trend</a>. This is with the token targeting higher levels as it continues its upward trajectory.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/metrics-that-trigger-ripple-double-digit-spikes-reemerges-xrp-price-to-rally-if/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Metrics that Trigger Ripple Double-Digit Spikes Reemerges: XRP Price to Rally If…</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-potential-rejection-and-mid-range-support-strong"><strong>Potential Rejection and Mid-Range Support</strong></h2>
<p>If TAO faces rejection at the local resistance, a retracement to the mid-range level is expected. Sjuul’s analysis suggests that this zone could serve as a potential support area, offering traders another buying opportunity.&nbsp;</p>
<p>Should the price action weaken further, a drop to the major support level could follow, providing the final defense for bulls.</p>
<p>Bittensor’s price action is at a pivotal moment, with local resistance determining its next move. The outcome at this level will shape whether the token continues its bullish momentum or faces a retracement.&nbsp;</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bittensor-price-surges-how-high-can-tao-go-key-levels-to-watch/" rel="noopener noreferrer nofollow">Bittensor Price Surges: How High Can TAO Go? Key Levels To Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bittensor Price Surges: How High Can TAO Go? Key Levels To Watch

Table of Contents

CaptainAltcoin

Other articles published on Oct 5, 2024

ETH may drop 50%, XRP falls post-SEC appeal—FTT and Cybro could be altcoins’ future

XRP Faces Bearish Pressure After $0.65 Resistance Rejection

Ethereum’s Price Volatility: Is the Market Bracing for a Crash?

Max Keiser’s Bold Claim: XRP and These 3 Altcoins Will Never Rally

Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem | Opinion

WIN BIG By Completing Small Tasks! NOMOEX Task Centre: Up to 550 USDT Cash Reward!!

Join our free newsletter for daily crypto updates!