📈 Bittensor (TAO) jumped nearly 20% in the last 24 hours, drawing attention to a potential trend shift. However, the price now nears a critical resistance zone within the Ichimoku Cloud. Breaking through could signal a sustained uptrend, but failure may bring selling pressure.
📊 Overbought signals are flashing as TAO’s RSI hit 74, hinting that a short-term correction could be looming. This spike in momentum raises questions about whether a pullback is coming before another rally.
🔍 EMAs are narrowing, showing increased buying strength. If short-term EMAs cross above the long-term ones, it may confirm a bullish reversal. Should this occur, TAO could test resistance at $556 and possibly reach $682, signaling a potential 33% upside.
Will TAO push past resistance or face a correction first? The next moves will be crucial.
Top comments (0)