Dogecoin

Satoshi

bullish

Bittensor

<p><a href="https://captainaltcoin.com/is-600-bittensors-local-top-expert-warns-against-buying-tao-now-predicts-potential-price-dip/" target="_blank" rel="noopener noreferrer nofollow">Bittensor (TAO) price action</a> shows signs of an impending surge. Satoshi Flipper, a top crypto analyst, has shared a chart highlighting a bullish flag pattern, suggesting TAO is about to break out.&nbsp;</p>
<p>With speculation mounting, the chart by Satoshi has a projection target of $640 as the token prepares for its next big move. Per CoinGecko data at press time, <a href="https://www.coingecko.com/en/coins/bittensor" target="_blank" rel="noopener noreferrer nofollow">TAO trades at $542.09</a>. This value implies a 0.65% price increase in the last day, culminating in a 31.49% rise over the week.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a>/usdt 1 hour<a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> flagging, price getting ready for its next big move<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>tick tock, tick tock <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f2.png" alt="⏲" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/YIWIO999Vr" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YIWIO999Vr</a></p>— Satoshi Flipper (@SatoshiFlipper) <a href="https://twitter.com/SatoshiFlipper/status/1839601400608596343?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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<h2 class="wp-block-heading" id="strong-bullish-flag-pattern-in-play-strong"><strong>Bullish Flag Pattern in Play</strong></h2>
<p>The chart shared by Satoshi Flipper reveals a clear bullish flag formation, a pattern often associated with a continuation of a prior upward trend. After an initial price surge, TAO entered a period of consolidation, forming the flag pattern.&nbsp;</p>
<p>The flag is characterized by two downward-sloping trendlines, which, according to technical analysis, often precedes a breakout in the same direction as the preceding move.</p>
<p>The flag’s formation suggests that the price is temporarily pausing before resuming its upward momentum. Satoshi Flipper’s tweet notes that TAO is “flagging,” indicating that the token is nearing a critical point where a breakout could occur.</p>
<h2 class="wp-block-heading" id="strong-potential-breakout-above-640-strong"><strong>Potential Breakout Above $640</strong></h2>
<p>According to the analysis, the next major move for <a href="https://captainaltcoin.com/is-bittensors-tao-the-biggest-bet-in-crypto-analyst-explains-why-this-ai-coin-is-evolving-into-something-bigger/" target="_blank" rel="noopener noreferrer nofollow">TAO could see the token’s price rise</a> significantly, with a target of $640. This target is likely derived from measuring the height of the initial upward move and projecting it upward from the expected breakout point.&nbsp;</p>
<p>In the context of flag patterns, this method is commonly used to estimate potential future price levels.</p>
<p>The anticipation is further amplified by the cryptic “tick tock” commentary in the tweet. Besides, this commentary hints that market participants may be expecting a price breakout soon.&nbsp;</p>
<p>Moreover, anticipating confirmation of a breakout is essential. This is particularly if the price moves above the upper trendline of the flag with increased trading volume.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dogecoin-price-breaks-6-month-downtrend-is-doge-primed-for-a-rally/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Dogecoin Price Breaks 6-Month Downtrend: Is DOGE Primed for a Rally?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-sentiment-remains-positive-strong"><strong>Market Sentiment Remains Positive</strong></h2>
<p>Despite the current consolidation, market sentiment around Bittensor remains optimistic. The flagging pattern, combined with Satoshi Flipper’s confident analysis, suggests that many are expecting <a href="https://cryptobriefing.com/grayscale-q4-crypto-update/" target="_blank" rel="noopener noreferrer nofollow">TAO</a> to experience further gains soon.&nbsp;</p>
<p>Monitoring TAO’s price action closely over the next few days will be crucial. This will determine if the token can break free of its consolidation and make a run toward the $640 target.</p>
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<p>The post <a href="https://captainaltcoin.com/bittensor-price-eyes-rally-can-tao-hit-640-target/" rel="noopener noreferrer nofollow">Bittensor Price Eyes Rally: Can TAO Hit $640 Target?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bittensor Price Eyes Rally: Can TAO Hit $640 Target?

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