Bittensor (TAO) is showing positive technical signals, leading to expectations of further growth. The current price stands at $469, with support established above the critical level of $168.
Current Price and Support
Currently, Bittensor (TAO) is trading at around $469 with an intraday increase of 13%. The asset has demonstrated resilience by building a base above the support level of $168, which has become an important psychological barrier.
Technical Indicators and Sentiments
Indicators such as exponential moving averages show an improvement in TAO's dynamics. Current data indicates that the asset is trading above the 50-day and 200-day EMA, suggesting a potential bullish trend. The RSI stands at 68.30, nearing the upper neutral zone but has not yet reached levels suggesting an immediate reversal.
Growth Prospects for TAO
Given the formation of a clear consolidation pattern in the price structure that started in early 2025, the asset may continue to rise. Technical setups suggest the market could move higher, but traders should remain vigilant regarding RSI levels and potential breaches below EMA support.
Thus, Bittensor (TAO) shows confident signs of growth, and while technical indicators suggest further upward movement, caution is advised in light of possible returns to selling levels.
