Bittensor (TAO) has caught attention again after several weeks of sideways trading. Recently, the price of TAO has risen by over 8%, attributed to several key exchange updates.
Exchange Updates and Their Impact on TAO
On July 9, Binance removed TAO from its Seed Tag list, indicating the token's maturity and stability recognition among investors. Additionally, on July 8, Coinbase activated trading of TAO for users in New York, broadening access to the token.
Current Price Dynamics of Bittensor
The current price of TAO is around $354.80. Trading volume has surged by 81%, indicating rising interest from traders. The price approaches the resistance zone between $365 and $370, with a close above this level potentially shifting the current bearish sentiment to neutral or even bullish.
Future Prospects of TAO in the Market
According to shorter timeframes, TAO is showing strong bullish confirmation. The break of the previous resistance level at $336 opens up possibilities for further gains. Traders are keenly watching whether TAO can maintain above critical support levels and reach new short-term highs.
Bittensor (TAO) shows positive market dynamics driven by recent updates and increased trader interest. Future price movements will be closely monitored by market participants.
