Bittensor (TAO) Price Analysis & News

Over the past 24 hours, Bittensor's TAO/USD price has risen 6.35% to $276.06. This is contrary to its negative trend over the past week where it has experienced a 6.0% loss

Bittensor's (CRYPTO: TAO) price has risen 6.35% over the past 24 hours to $276.06. This compares to a 6.0% loss over the past week, during which the coin fell from $296.05 to its current price.

Bittensor's 24-hour trading volume is at $52.06 million, which is 34.0% lower than the volume recorded during the previous 24-hour period. This recent downturn in volume could indicate a decrease in interest or liquidity for the coin.

However, looking at the broader time frame, the coin's price has risen 202.3% year-to-date.

The TAO price chart for the past 24 hours (left) and past week (right). Powered by TradingView.

Technical Analysis: Bittensor's price has been trading within a descending channel for the past week, and it recently encountered resistance at the upper boundary of this channel. This could lead to a potential reversal in the coin's downtrend.

On the daily time frame, the coin's relative strength index has risen above 50, indicating bullish momentum. However, the coin's Bollinger Bands are relatively wide, suggesting high volatility.

The coin's all-time high is $757.60.

What's Next: If Bittensor's price continues to rise and breaks above resistance, it could encounter further resistance at around $280. On the other hand, if the coin's price falls, it could find support at around $268.

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