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The Bittensor price has pumped 12% in the last 24 hours to trade at $268.11 as of 5:35 a.m. EST, with trading volume surging 112% to $12.67 million.
Bittensor Price Falling Wedge Pattern Signals Bull Rally
The TAO price shows a rebound, bouncing back around the $219 support level, following rejection at the $389 resistance level. This rejection allowed bears to apply downward pressure, resulting in the formation of a falling wedge pattern, suggesting a potential reversal towards a bullish trend.
The 50-day Simple Moving Average (SMA), however, remains a hurdle the bulls have to overcome as the price is trading above the 200-day SMA. If the momentum sustains, the bulls could push the price above the 50-day SMA, confirming the short-term bull rally.
The Relative Strength Index (RSI) indicates a rebound from the 40 level, surpassing the 50 neutral level at 53, indicating intense buying pressure for the Bittensor price. With continued momentum, the RSI could rise, reaching the 70 overbought level.
Bittensor Price Prediction Bulls Target $448 Mark
The general trend for TAO is bullish bias owing to the presence of the falling wedge pattern. Sustained momentum could see the bulls target $448 and mark the distance X of the upper part of the wedge.
However, if the bears intervene, a downward trend could be triggered, leading to the bulls finding a safe haven at $191, coinciding with the lower boundary of the falling wedge.
As traders await a clear signal to add more positions for Bittensor, investors are adding more Launchpad XYZ to their portfolio, anticipating lucrative returns after the presale ends in less than seven days.
Launchpad XYZ Raises $2.5 Million, Less Than A Week To End
Launchpad XYZ has secured $2.5 million in funding, and investors are still rushing to purchase the remaining tokens at a discounted price of $0.0445 per LPX token.
As the exclusive presale phase enters its final stretch with less than 7 days remaining, the project is gearing up to secure a funding goal of $3 million.
Launchpad XYZ is scheduled for its official launch on January 24. On January 29, token claims will start, followed by an immediate listing on DEX.
📊 We're on the home stretch with only 7 days left in the #LaunchpadXYZ presale!
Join us and be part of something big! #LaunchpadXYZ #Approved #Web3 pic.twitter.com/5SnlSe1oK1
— Launchpad.xyz (@launchpadlpx) January 17, 2024
Transforming The Crypto Industry Through Advanced AI Analysis
Launchpad XYZ is an innovative Web3 trading platform, showcasing an impressive array of cutting-edge features. Positioned as a crucial tool for traders, it utilizes advanced AI to connect users with crypto whales, helping you find the next 10x trade.
A key attraction is the free trading calls it offers, which have helped investors earn returns as high as almost 1,300%.
“I have never seen anyone making such huge profits in such a short period of time, with this recurrence, every month,” said user VANI on the Launchpad XYZ Discord server. “I’ve been at LPX since May and every month the trades sent in the signal group are of a very high level, every month I’m even more impressed.”
The ongoing presale offers different NFT passes, starting at $50 for basic access. If you purchase the higher tiers, you will have extra perks like weekly LPQ insights and access to exclusive chat groups and founder sessions.
🚀 Feature Spotlight: LPQ Advantage!
Get ready to supercharge your #Crypto trading. With LPQ, you'll have a competitive edge like never before.
Stay tuned for the launch! 🔥#LaunchpadXYZ #Web3 #Alts pic.twitter.com/KjLp1YyauH
— Launchpad.xyz (@launchpadlpx) January 15, 2024
Michael Wrubel, a crypto analyst and YouTuber, has recently featured the Launchpad XYZ project. He provides insights into the project and how to be a part of the ongoing presale.
To purchase the LPX tokens, head to the Launchpad XYZ official website, connect your wallet, and exchange ETH, USDT, or BNB for LPX.
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