CandleFocus

TAO Price Surges And Aims For The $700 Mark As Bulls Take Control

Author: Content Editor
The altcoin TAO, which powers Bittensor's decentralized machine learning network, has been gaining attention and rallying since mid-September. It has outperformed the crypto market and displayed bullish dominance, gaining over 70% and reaching the $650 mark. The TAO price targets $700 as bulls gain traction. A successful break of the $650 mark could lead to further gains and a potential rally towards $750-800 by the end of the year. The crypto has sustained gains above the 61.8% Fibonacci retracement level and remains in the overbought zone. The rising EMAs and bullish momentum indicate potential future price surges. The RSI line suggests rising buying pressure, and there has been a significant long buildup activity over the past 24 hours. The immediate support zones are $620 and $600, while the resistance levels are $680 and $700.

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