Analysts predict a new all-time high for the TAO token price amid the expansion of the Bittensor network.

Bittensor Network Expansion and TAO Growth Potential

The recent expansion of the Bittensor network positively impacts the TAO price. Analyst Bitcoin Buddha highlights the network's growth could drive TAO to a new high, despite past price fluctuations.

Technical Analysis: Market Patterns and Support Levels

According to Bitcoin Buddha's technical analysis, TAO price currently fluctuates within a symmetrical triangle, suggesting market indecision. Support levels are noted at $209.31 and $364.72, with key resistance at $647.12. Breaking above these levels could indicate further growth.

Positive Sentiment Surrounding Bittensor Network Growth

Positive sentiment around Bittensor network expansion supports expectations for future TAO growth. Bitcoin Buddha suggests the bullish outlook is backed by the consolidation phase, indicating a potential breakout to higher levels.

With the Bittensor network's growth and favorable technical indicators, there is increased attention to the potential rise of TAO to a new all-time high.