CandleFocus Bittensor (TAO) Price’s 80% Rally Depends on One Key Breach
2024-09-16
Author: Content Editor
The Bittensor (TAO) price has struggled to break through the $357 resistance level, but the conditions for an ascending triangle pattern are becoming more apparent. This bullish pattern suggests a potential 79% rise for TAO if key levels can be flipped into support. The Sharpe Ratio, a measure of risk-adjusted returns, has been positive, indicating a buying opportunity and favorable market sentiment. The overall momentum for Bittensor is strong, with long contracts dominating shorts, indicating expectations for a price rise. If TAO can maintain support at $301, it could rise toward $357 and validate the bullish scenario. However, a drop below $263 would weaken the bullish trend and potentially lead to further losses.
Related News
Tether Mints Another 1.2 Billion USDT: Could This Trigger a Bitcoin Price Shift? 5 Small-Cap Cryptos Revolutionizing Blockchain: Immutable, Arweave, MultiversX, Flux, and Moonbeam Ex-SEC officials to speak at hearing on ‘politicized approach’ to crypto Bitcoin ETFs Bounce Back in a Big Way as Investors Expect Rate Cuts Days before opening, Flyfish Club settles with SEC for $750K Bitcoin Price Analysis: BTC Dips to $58K in Anticipation of This Week’s Fed Rate Decission Baby Doge Coin Gains 83% Amid Listing: Correction Ahead? How Bitcoin (BTC) Price Will React to Wednesday’s Possible Interest Rate Cut: Here Are The Predictions Ethereum Price Analysis: ETH Tumbles 4% Daily as Bears Regain Control, $2K Next? The Graph upgrades tooling for Solana devs to accelerate dApp deployment Nervous Network ($CKB) Leads Weekly Crypto Gains with 92.2% Surge Floki Inu's $FLOKI Options now on PowerTrade Fantom (FTM) price surges 40% in a month — What’s behind the momentum? HyperRing Enables Contactless Payments Thanks to KOYPAY Collaboration Another Bitcoin Miner Adopts MicroStrategy's Playbook of Buying BTC in Open Market World Liberty Financial crypto project could deepen political divides if Trump wins presidential election: TD Cowen Qatar Financial Centre Activates Digital Assets Lab New tokens are more likely to win if they find institutional investors Bitcoin L2 BOB Launches ‘One-Click’ BTC Staking Solution Hinkal Unveils $hETH, 1st Ever $ETH Derivative for Liquid Privacy Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data Markets speculate ahead of anticipated rate decision Shockingly Big Fee Paid to Send Tiny XRP Transaction Bitcoin Price Predictions: The Q4 of the halving year is bullish CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why! Analytics Company Reveals: At What Price Did Old and New Big Whales Buy Bitcoin, Are They Profiting or Losing? Leader in Artificial Intelligence Altcoins Changed: Here Are The Top 10 Altcoins Developers Are Focusing On Risc Zero aims to bring blockchain security to ‘any’ off-chain app Santiment Announced: Whales in These Three Altcoins Are Pulling Their Tokens Off Exchanges, Putting Them in Cold Wallets This is Why Dogecoin Price Could Return to $0.15 50 days until US election, crypto Super PAC pours $7.8M into Senate races Polymarket traders see 99% chance of rate cuts this week ETH/BTC Freefall: Ethereum Price Faces Biggest Crisis Since 2021 Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? Former Celsius CEO Mashinsky seeks testimony from six witnesses as he faces 115-year prison sentence Bitcoin and Crypto Voters Make Their Voices Heard at America Loves Crypto Stop in Wisconsin Velar’s new Bitcoin DEX offers yield and liquidity for BTC holders Trump's Crypto Gambit: What We Know About Today's Launch of World Liberty Financial UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK Zynga’s Crypto Gaming Team Just Spun Out and Revealed a New Game Michael Saylor's MicroStrategy Plans Another $700M Convertible Note Issuance Bitcoin's stagnation, gold's record high reflect ongoing market caution: Bitfinex Crypto firms airdrop tokens to support Vietnam typhoon victims Tether USDT’s market share rises 20%, reaching 75% in two years Fed now expected to cut rates by 50 bps this week, giving boost to bitcoin, Bitwise analyst says Delta Prime attacker stole $6M by minting massive number of tokens Ethereum falls to new 42-month low vs. Bitcoin — Bottom or more pain ahead? Taylor Swift meme coin crashes; here's all you need to know Top Trader Predicts Bullish 2025 for Dogecoin (DOGE) Worldcoin’s World IDs make their way to Solana XRP Ledger Upgrade Incoming: Major Network Issue Addressed SOL and ADA Price Prediction for September 16 Sen. Warren advises 75bps Fed cut on recession fears Shiba Inu (SHIB) Skyrockets 104% in Volume Bhutan’s Bitcoin mining stash exceeds $750m: Arkham DeFi protocol Euler Finance announces launch of new stablecoin Maxi This Bullish Pattern Could Take BTC to $300K Schiff Reveals Only Reason for $1 Million Bitcoin Azuki NFT Creator Chiru Labs Buys Anime.com to Expand Digital Footprint The Urgent Need for Bitcoin Tax Reform to Encourage Everyday Use Troubling new Bitcoin research into Bitmain mining proxies Terra Classic Price Plunge Ahead of Terraform Labs Bankruptcy Hearing: What Next for LUNC? Experts Say this Signal Suggests an Imminent New Bitcoin ATH $41 Million in Ethereum (ETH) Sent to Binance, What Happened? Why is the Bitcoin Price Falling? What’s Behind the Sudden Drop? Analysts Answer Top Economist Warns Bitcoin Could Collapse by 74% to $15K MicroStrategy, Coinbase Stock Dip as Bitcoin Price Momentum Cools 3 Worst Altcoins To Sell Ahead of Next Bull Run More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments Second Assassination Attempt Barely Moves Trump's Polymarket Odds Bitcoin Mining Profitability Remains at All-Time Lows as Prices Fall, Hashrate Rises, JPMorgan Says BTC, ETH and XRP Price Prediction for September 16 Coinbase and Binance listings may be bullish — but usually not for long BabyDogeCoin (BabyDoge) Skyrockets 1,000% in Volume Amid Price Jump Neiro’s Binance listing sparks heated online disputes Tokensoft partners with Stacks Foundation and Bitcoin Frontier Fund to accelerate Bitcoin builders No, a crypto CEO wasn’t arrested for smuggling 20,000 condoms Trump-backed DeFi project taps Scroll co-founder as advisor SHIB Executive Reveals 'Ugly Truth' About Some Exchanges' Listing Backstage Chainlink CCIP goes live on ZKsync Era Mainnet Flare Network launches Flare Time Series Oracle v2 to boost performance, security, and scalability What’s Behind Bitcoin Price Drop? Political Chaos or US Fed Meeting? Ethereum Technical Analysis: ETH Struggles Below Resistance Ripple, Hedera, Aptos team up for MiCA compliance in EU and sustainability push Crypto Wallet Exodus Movement (EXOD) Partners with Major Hardware Manufacturer! Ethereum L2 Grows to $10B While 61% of Holders Stay in Profit Multicoin Led $10M Raise for Crypto-Incentivized Internet Infrastructure Network Pipe Bitcoin Reaches Decisive Point Against Gold as Brandt Identifies Descending Channel Market May Move Up as Tether Mints $1B USDT on Ethereum El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025 Mi Primer Bitcoin Promotes Two Staff Members to Leadership Roles Polymarket Activity Drops 40% as CFTC Seeks to Halt Kalshi Prediction Platform Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons BitGo Unveils Token Management Service for Crypto Foundations Bitcoin awaits ‘trigger to explode upwards,’ according to analyst FED Decision is Just a Short Time Away! What Are the Expectations? How Will a 50 Basis Point Interest Rate Cut Affect Bitcoin and... 61% Ethereum (ETH) Holders in Profit Amid Strong Bearish Pressure Bitcoin (BTC) ETF Beating Ethereum (ETH) by $16,700,000,000 'Faster Than Solana': Cardano Creator Reveals How to Spend 20 Million ADA Donald Trump’s World Liberty Financial Platform Faces Launch Uncertainty Amid Security Concerns “If You Can’t Beat Them, Join Them” Moment Coming for XRP: Business Leader Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters Hedera Becomes Premier Member of LF Decentralized Trust: Bullish Signal for HBAR? Major exchange listings may not be so bullish after all First Neiro on Ethereum, Related to Dogecoin, Rockets 700% on Binance Spot Listing XRP Price Analysis: RSI Breakout Hints at Potential Surge, Analyst Says Bitcoin Rally to Continue? Big Fed Rate Cut Probability Soars Crypto Market Selloff: Here's Why Bitcoin, ETH, SOL, XRP, DOGE Fell Sharply UXLINK Extends Weekly Gains To 110% Amid This Binance Announcement Cardano’s Short-Term Holders Could Dump Nearly $2 Billion in ADA Investor Chris Burniske Doubles Down on One Layer-One Altcoin Play While Shorts Pile Up – Here’s Why Weekly Market Analysis: Altcoins Move Sideways, Cryptocurrencies Approach Bearish Fatigue Crypto party on plane sparks Qatar Airways safety concerns Tron Founder Admires This Memecoin as It Rises 650% on Binance Listing Ripple CTO Ends Speculation on Early XRP Ledger Transaction Loss CRV Faces a Storm: DWF Labs' Dump Triggers Market Collapse SUI Aims for $2 as Buyers Eye Major Fibonacci Breakout Dormant 'Diamond Hand' Ethereum Whale Begins Selling As ETH/BTC Hits 3-Year Low Polkadot (DOT) Surges 9%, Holding Steady Above $4.50 Circle and Sony Block Solutions Labs Team Up to Accelerate USDC Adoption on Soneium SHIB Price Nears Dangerous Territory, Risks Deeper Correction to $0.000010 OKX Joins exSat as Key Validator to Enhance Bitcoin’s Scalability Trading In Pullback Zone, Can HNT Price Claim $10 Mark Soon? Crypto Prices Today September 16: BTC Drops To $58K, Major Altcoins Mirror Dip Hedera Donates Entire Codebase to Decentralized Trust Linux Foundation Bitcoin Technical Analysis: Mixed Signals Keep BTC Below $60K, Short-Term Rebound Possible 20 Days to a Bull Market: Analysts Weigh in on Bitcoin Halving Cycle Singapore’s crypto exchange Tokenize secures funding from Animoca Brands for its blockchain Another 1B USDT minted at Tether Treasuries, Paolo Ardoino clarifies allocation Sui, Fantom (FTM) breaks out after consolidation phase BNB Price Prediction: 15% Surge Likely as Smart Money Bets on Breakout Why Crypto Market is Crashing? Aerodrome captures 78% of initial cbBTC trading volume SEC Places Heavier Scrutiny on Binance's Token Listing, Trading Process in Proposed Amended Complaint APT Price Stuck In Consolidation: Could Increasing TVL Be The Key? Dominance: Bitcoin at its highest over Ethereum since 2021 Bitcoin (BTC) Started the Critical FED Week with a Fall! What is the Reason for the Fall? DeFi vs. AI: Ethereum Co-Founder Predicts DeFi’s Triumph with Affordable L2s Indian police probe INR 10m crypto investment scam with suspected link to Hong Kong FTW rallies 112% following CoinGecko lising Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds JUST IN! Binance Announces Listing of Two More Surprise Altcoins! Third Listing on the Same Day! Nervos Network’s CKB Jumps 108%, Golden Cross Eyes $0.026 Meme Coin Showdown: SHIB on Ethereum or BRETT on Base – Who Wins? TRON DAO partners with Tether to freeze $12M USDT in anti-crime push SHIB Community Roasts Binance for Shunning BONE in New Listing Move Crypto investment products see $436m inflows as rate cut speculation grows Self-custody turns the unbanked into a real force in emerging markets | Opinion Shiba Inu Says Devs Can’t Alter Supply, Reveals Plan for Big SHIB Burns Top Chartist Says XRP Has Only One Direction And That’s up Analyst Sets Date for Cardano Breakout, But Identifies Crucial Support to Hold Breaking News: Fantom Price is surging USDT Adoption Fuels TRON’s Growth, Justin Sun Eyes Top 3 Spot Bittensor (TAO) Price’s 80% Rally Depends on One Key Breach SATS Price Stalls Near Support Levels: Could A Rebound Be Next? STX's Price Plunge: Is Development Enough to Reverse Trend? Binance Lists Polygon’s POL Token: Price Impact Bybit bags provisional crypto license from Dubai regulator Bernstein says DeFi yields are set for a comeback amid likely US rate cuts Markets see 0.5% Fed rate cut — 5 Things to know in Bitcoin this week SEC Faces Criticism Over $15 Billion Investor Loss, Pro-Crypto Attorney John Deaton Speaks Out De Labs, Parent of DeGods & y00ts NFTs launch $DEGOD crypto Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit XRP Targets $0.7231 as Robinhood Relisting Fuels Triangle Breakout Chances XRP Price Rejection at $0.60 Signals Struggle for Further Gains BONK and Borussia Dortmund Partner for Web3-Driven Fan Experiences Media Personality BitBoy Says XRP to Rip Soon Crucial Ryoshi Scam Warning Issued by SHIB Team Bitcoin Diamond Bottom Pattern Hints at Explosive Move, BTC Bull Run Loading Uniswap’s Market Cap Soars, But Pancakeswap Stands Strong in Trading Volume JUST IN! Binance Announced Double Listing News for These Two Altcoins on the Same Day! Researcher Suggests XRP to Reach $100 if It Captures 10% of SWIFT’s Daily Volume Revolut adds Toncoin (TON) to the list of available crypto Ripple Stablecoin is for All, Including Retail Investors: XRP Ledger Validator Bitcoin Faces Stiff Resistance at $60K: Will the Bulls Break Through This Week? Assessing Aptos’(APT) potential 75% rebound; how and why it could happen Donald Trump Survives Second Assassination Attempt, But MAGA, TRUMP, TREMP Crash BlackRock And Bitcoin ETFs Saved BTC Price, Bloomberg Analyst Claims Aptos Blockchain’s Massive On-Chain Activity Raises Growth Hopes Amid Fears Over Bot Inflation Can Ethereum (ETH) Recover After the Recent Market Slump? Satoshi-Era Ethereum (ETH) Whale Just Started Selling, Reaching 446x Bitcoin Exchange OKX Announces Listing of Two New Altcoins on USDC Pair! Here Are the Details Crypto Markets Await Fed’s Decision: Bitcoin, Ripple and Bitstamp in Focus Bitcoin on Edge as Odds of Massive Fed Rate Cut Skyrocket Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade! CKB skyrockets 111% in a week following Upbit listing, hits highest level since June Meme Coin ETFs to Be the Next Big Thing in Crypto: Bitwise CIO Cardano Founder Takes New Jab at Solana Amid Upcoming Breakpoint Event CME Group Adds Bitcoin Futures: How It Could Shift Crypto Pricing Dynamics Top Analyst Says All Signs Pointing to Shiba Inu Breakout to $0.001 These Altcoins Bleed Out the Most as Bitcoin (BTC) Dipped to $58K (Market Watch) Bitcoin "Poised" to Break Below $58K, Peter Schiff Predicts Sen. Coons’ S. 4751 Could Limit Crypto Firms’ Ability To Challenge SEC Matrixport’s RWA platform launches new gold-backed token XAUm Argentine Exchange Ripio Announces Defi Credit Card Top Infrastructure Tokens by Weekly Trading Volume Orchid, Osmosis, Peercoin, Pendle promising as Bitcoin regains $60k Cardano price prediction: No good reason to invest in ADA Hedera contributes entire codebase to Linux Foundation Death Cross Threatens Solana’s 11-Month Long Bullish Streak Base DeFi project disappears after rug pull DeFi platform Delta Prime suffers $6M breach Telegram Coin Notcoin Threatened by 23% Fall, Investors to the Rescue US lawmakers urge top crypto ATM operators to tackle fraud Will AAVE Price Pump or Dump as Trump's DeFi Project Goes Live? Altcoins To Stack Before The Impending ‘Bitcoin Pump’: Analyst Says ‘Be Prepared’ ETH falls 6% amid Trump assassination attempt, looming rate cuts, ‘FUD’ wave Can Pepe Coin Price Survive A $38M Dormant Whale Dumping ETH? Bitcoin Price Drops To $58K, Can the FED’s Interest Rate Decision Ignite Bull Run? Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts Binance Will List 3 Meme Coins: Price Explode Circle partners with Sony’s blockchain lab on USDC expansion Top Mathematician Says Bitcoin Will 10x From Here: ‘It Has No Competition’ Bitcoin slides 3%, Ether drops 6% ahead of interest rate decisions from Fed, BoE, and BoJ Reddit user claims ChatGPT initiated a conversation from previous info Unusual Trading Volumes Detected in 5 Altcoins in South Korea Flappy Bird creator disavows revived game that hints crypto ties Can Worldcoin Price Hit $2 As WorldID Enters Solana Ecosystem? Bitcoin Dogs (0DOG) makes an attempt at $0.04934 as Bitcoin (BTC) turns bullish XRP Price Falls Below Support, Bearish Momentum Builds Ethereum Price Nosedives Over 5%, Pressure Mounts on Bulls Singapore Launches Investigation into Worldcoin Account Sales for Potential Regulatory Violations SEC Regrets Confusion Over 'Crypto Asset Securities' — Ripple and Coinbase Weigh In Top 5 Elite Blockchain Cloud Data Providers: Unmatched Solutions for the Digital Era Bitcoin Price Flashes Downside Break: Will Bears Take Over? FBI Seizes Websites Linked to Crypto Recovery Fraud How To Hunt For Upcoming Crypto Airdrops? Here’s XRP Price if XRP Captures 15% of Global Financial Market Second Assassination Attempt on Trump Causes Bitcoin to Drop NEAR Protocol Integrates with Nillion Network to Boost Privacy Tools for Developers Bitcoin Dogs (0DOG) makes an attempt at $0.04934 as Bitcoin (BTC) turns bullish Cardano Hits 96M Transactions Milestone, IOHK Unveils Key Ecosystem Updates for ADA Growth Bitcoin Holders Near $62 Billion in Profits as BTC Hits $60,000 Is Altcoin Season Just Around the Corner? Market Analysis and Predictions ‘Coming in Hot’ – Top Trader Predicts Rallies for PEPE and One Solana Rival, Says Hard To Be Bearish on Many Altcoins Circle accused of ‘extracting’ from Lazarus Group hacks, faces criticism from ZachXBT Bearish XRP Triangle Stops Bulls, Toncoin (TON) Performs Fundamental Breakout, Bitcoin (BTC) Is Above $60,000: What's Next? These Are the Latest Trends in the Crypto Staking Landscape Fed to Slash Interest Rates: What a 50bps Cut Means for Bitcoin and Financial Markets Analysts Share PEPE, DOGE, ETH Predictions Should You Invest in Dogecoin (DOGE)? Charts, Stats, Analysis for 2024