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The Bittensor price surged 11% in the last 24 hours to trade at $325.85 as of 1:12 a.m. EST on trading volume that exploded 90% to $304 million.
Bittensor Price Breakout Signals A Continued Rally
The TAO price action reveals a significant shift in market sentiment as the pair breaks out from a prolonged falling wedge pattern.
The ABCD pattern visible within the wedge supports the bullish outlook. Following this breakout, the Bittensor price action is exhibiting a strong upward trajectory.
Another significant development is that the price of TAO has surged above the 50-day Simple Moving Average (SMA), currently at $250.33.
This crossover suggests a short- to mid-term bullish bias. TAO is now approaching the 200-day SMA at $433.64, which may act as the next significant resistance level.
Meanwhile, the Relative Strength Index (RSI) is currently at 69.98, indicating that the asset is approaching overbought territory. While this level often precedes a cooldown or minor pullback, it also underscores strong buying pressure.
The MACD (Moving Average Convergence Divergence) has also confirmed the bullish reversal. The blue MACD line (12.85) has crossed above the orange signal line (12.92) and is moving higher, with both lines well above the zero level.
TAO Price Is Bullish, Targeting 36% Pump
Given the confirmed breakout from the descending wedge, the bullish MACD crossover, and the RSI climbing towards overbought levels, the outlook for the Bittensor price is currently bullish.
The projected upside move suggests a potential price target of around $433.64, aligning with the 200-day SMA and marking a 36.58% increase from the breakout point.
On the flipside, if the price of Bittensor goes through a correction, TAO could drop back to the wedge within the upper boundary at $250.
Meanwhile, investors are piling into a new AI project called SUBBD Token (SUBBD). According to influential YouTube channel 99Bitcoins, which has over 725K subscribers, SUBBD has the potential to be the next 100X crypto.
SUBBD Presale Garners Over $210K In Three Weeks – Next Crypto To Explode?
AI-powered platform SUBBD isn’t just reimagining how creators and fans connect. It’s rewriting the rules entirely by letting creators do what fans want most: create.
From monetization and audience engagement to content generation and automation, SUBBD is the first to blend AI and Web3 in a way that helps creators thrive and enables them to push out content at scale.
Three weeks ago, SUBBD launched its ICO and has already raised over $210k, and this is just the beginning. The SUBBD token powers a growing creator economy built around a 250 million combined following network backed by over 2,000 top-tier influencers.
Its built-in AI tools let creators focus on crafting high-quality content while the platform handles time-consuming tasks like research, editing, optimization, and more.
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SUBBD is built for quiet transactions and loud content. pic.twitter.com/sSjMINjnnT
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SUBBD offers creators intuitive, organized structures and advanced technology that help them efficiently manage content and subscriber requests, reduce workload, and increase productivity.
Now, with the integration of a decentralized digital asset, creators can also unlock new income streams and greater earning potential without middlemen taking a cut.
Buy And Stake SUBBD For 20% Annual Rewards
SUBBD token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 20% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official SUBBD website to buy SUBBD tokens for $0.0552 each using crypto or a bank card.
Buy before a price hike in about 4 hours to lock in the best presale deal.
Visit the SUBBD Token website.
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