Bittensor

<ul><li>Altcoin Sherpa finds Bittensor (TAO) short-term bottom at $330.</li><li>TAO surges 17% in 24 hours with moderate trading volume.</li><li>Bittensor (TAO) reaches $434.53, up 26.82% in a week and 19% daily.</li></ul>Recently, Altcoin Sherpa, a prominent analyst on the X platform, <a href="https://x.com/AltcoinSherpa/status/1792794908375351401" rel="noopener noreferrer nofollow">provided</a> a technical analysis of Bittensor (TAO). According to Sherpa, a short-term bottom was observed around $330, aligning with the 0.618 Fibonacci retracement level and the 200-day Exponential Moving Average (EMA). Despite this, Sherpa suggests that investors might still find an entry point in the mid-$300 range if they remain patient.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d6acea6479e34fb6a4081812b8a451fe.png" />The trading volume for Bittensor has been moderate, with no significant spikes. This indicates a lack of strong buying or selling pressure at the moment. Moderate volume levels can suggest market indecision, where neither buyers nor sellers are dominating the market. This scenario often precedes significant price movements, making it a key factor to monitor.<a href="https://cryptotale.org/ai-crypto-coins-surge-bittensor-and-render-lead-the-2024-market/" rel="noopener noreferrer nofollow">Bittensor</a>’s recent price increase and overall market performance are noteworthy. The price movements align with Sherpa&#39;s technical analysis, highlighting the importance of the 0.618 Fibonacci retracement level and the 200-day EMA in determining support and resistance.The token emissions mentioned by Sherpa could play a significant role in future price dynamics. Token emissions refer to the release of additional tokens into circulation, which can impact the token&#39;s price by affecting its supply.<a href="https://cryptotale.org/bittensor-sees-17-rise-as-analysts-highlight-key-technical-resistance/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bittensor Sees 17% Rise as Analysts Highlight Key Technical Resistance

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