CandleFocus Can BitTensor (TAO) Break Multiple Resistances and Surge to $700?
2024-11-29
Author: Content Editor
BitTensor (TAO) has seen a surge of 10% in the past 24 hours, surpassing a market cap of $4.5 billion. The token is showing a bullish breakout on the 4-hour chart, with potential for a rally beyond the $700 barrier. Technical indicators, such as the EMA lines and MACD, support further upward movement. The price trend also displays a rounding bottom breakout, with resistance levels at $673 and $743. In the event of a bullish failure, support levels are at $575 and $560. Overall, the market anticipates a continuation of the bullish trend for BitTensor.
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