bullish

2024

Bittensor

when

Rise

<p>After recording a consolidated price action for a brief period, the Bittensor price has regained momentum by adding numbers to its valuation within weeks. With a constant uptrend in the technical sentiments, will the TAO price record a strong bullish reversal and record a new high of around $800?</p>   
<p>Let us understand the market, technical sentiments, and possible price prospects of the Bittensor (TAO) crypto token in this article.</p>   
<h2 class="wp-block-heading" id="h-tao-price-retests-its-support-trendline">TAO Price Retests Its Support Trendline!</h2>   
<p>Despite recording a correction of 1.63% in the past day, the Bittensor price has jumped ~16% over the past week. Moreover, it has recorded a 2X return during the past 30 days and has rewarded its long-term investors with a YTD return of 118.15%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/10151821/image-104-12-1024x540.png" alt="Bittensor Price Analysis 10/10/2024" class="wp-image-363273">
</figure>   
<p>Notably, it has formed an ascending channel pattern and has continued trading within it since September. Moreover, with 3 successful retests at its support trendline, the TAO coin price displays a strong bullish sentiment in the market.</p>   
<h2 class="wp-block-heading" id="h-bittensor-technical-sentiments">Bittensor Technical Sentiments</h2>   
<p>The RSI indicator continues hovering close to its overbought range with a positive curve in the 1D time frame. This highlights a high possibility of a bullish bounceback during the upcoming weeks.</p>   
<p>Further, the SMA has supported the Bittensor (TAO) price chart since September. This suggests that altcoin may continue gaining value in the coming time.</p>   
<h2 class="wp-block-heading" id="h-will-tao-price-rise-in-2024">Will TAO Price Rise In 2024?</h2>   
<p>If the bulls regain momentum, the Bittensor price could retest its important resistance level of $671. Moreover, if the bullish sentiment sustains, this could result in it retesting its ATH of $767.68 and potentially heading toward its upper target price of $800.</p>   
<p>On the flip side, if the bears outrun the bulls, the TAO coin price could retest its support level of $547. Further, if the market fails to hold its value, this could result in it breaking down its channel pattern and potentially retesting its lower support level of $437.5 this year.</p>   
<p>Wondering when will Bittensor token hit $1,000? Read, our <a href="https://coinpedia.org/price-prediction/bittensor-tao-price-prediction/" target="_blank" rel="noreferrer noopener">Bittensor (TAO) Price Prediction</a> 2024 - 2030</p>

Will Bittensor (TAO) Price Hit $800? Top Factors To Consider!

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