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Bittensor Price Prediction: TAO Plummets 13% After $8 Million Breach As Traders Buy This AI Meme Coin That’s Blasted Past $7 Million

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Bittensor Price
Bittensor Price

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The Bittensor price dropped 13% in the last 24 hours to trade at $239 as of 03:59 a.m. EST on trading volume that skyrocketed 145% to $94 million.

This comes as the Bittensor blockchain was temporarily halted early Wednesday after an alleged attack on several user wallets, with at least one drained of $8 million worth of the project’s TAO tokens.

After the attack, the price of TAO dropped 15% but recovered thereafter after core members said steps were in place to mitigate further mishaps.

Investigations into the attack are ongoing after the chain was put on safe mode, with blocks being produced but no transactions processed.

The Bittensor price dropped from the upper boundary of the falling channel pattern at $278 to trade within the channel, according to data from GeckoTerminal.

The TAO price bulls are gearing up for a possible trend reversal, as they use the $214 support zone to likely push the token over the boundary of the channel.

Bittensor Price Set To Soar Over The $273 Resistance Level

Bittensor Price Chart Analysis Source:
TAOUSD Chart Analysis Source:

The Bittensor price still trades below both the 50-day and 200-day Simple Moving Averages (SMAs). This coincides with the drop from the $278 level, with the 50-day SMA acting as the immediate resistance zone at $273.

Moreover, the Relative Strength Index (RSI) is trading at the 30-oversold level, currently at 33, which is an indication that sellers have an upper hand.

The Bittensor price analysis shows that TAO price is currently on a bearish trend as the buyers continue to sell. If this trend continues, the bears could push the token down to the $214 support zone, which acts as a cushion against downward pressure.

However, with the token trading within the oversold level, it means the bulls could start consolidating and buying more, which could push the token over. In this scenario, the Bittensor token price could soar above the falling channel pattern to target the next resistance level at $323 (200-day SMA).

As Bittensor price bulls search for buying signals, some investors are turning to WienerAI (WAI), which has just blasted past $7 million in funds raised in its presale.

CryptoBoy, a crypto analyst on YouTube with over 40K subscribers, says that $WAI could potentially soar 100X after launch.  

WienerAI Presale Blasts Past $7 Million

WienerAI has been gaining traction in the crypto community as one of the few meme coins that uses artificial intelligence (AI). The project will soon launch an AI-powered trading bot that analyzes markets through a simple interface to identify promising crypto investment opportunities.

It also streamlines the process of making crypto swaps across different decentralized exchanges (DEXs).

WienerAI is similar to another project, Scotty the AI (SCOTTY), which amassed over $10 million in funds raised in a recent presale.

Token holders can also earn passively through the platform’s staking system, which provides an annual percentage yield (APY) of 163%.

If you are interested in participating in the presale, you can buy the token for $0.000724. But hurry as the price will increase in less than 5 hours.

You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.

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