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The Bittensor price is down 8% on the weekly time frame despite rising 2% in the last 24 hours to trade at $422.03 as of 1:18 a.m. EST on trading volume that dropped 32% to $112 million.
Bittensor Price Could Still Recover
The TAO price chart shows a strong bullish reversal following a breakout from a falling wedge pattern, which often acts as a reversal pattern and signals the end of a downtrend. This wedge, marked with points A, B, C, and D, was broken in mid-April, initiating a sharp upside rally.
After the breakout, the Bittensor price surged past both the 50-day and 200-day Simple Moving Averages (SMAs), reaching a high above $450 before experiencing a slight retracement, GeckoTerminal data shows.
The upward movement has been contained within a rising channel, suggesting a healthy bullish trend with minor corrections. The price of TAO currently trades around $422.03, just above the 200-day SMA, now a key support level.
Meanwhile, the Relative Strength Index (RSI) is currently at 58.53, comfortably below the overbought level of 70. This suggests that while TAO is in a bullish phase, there is still room for upward momentum.
The trend remains bullish with the breakout confirmed and the price of Bittensor trading in a well-formed rising channel above key moving averages.
If the current support at the 200-day SMA holds, the TAO price will likely continue its upward trajectory toward the $560–$590 resistance zone in the short to medium term.
In the event of a pullback, strong support lies at the 50-day SMA near $333 and the previous breakout zone around $233.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Closing On $10 Million – Last Chance To Buy
MIND of Pepe is an exciting new cryptocurrency that combines artificial intelligence (AI) and blockchain technology.
It is designed to help investors make smarter decisions using powerful AI tools. Since it runs on the Ethereum blockchain, it is safe, transparent, and decentralized.
So far, the project has attracted a huge following, with its presale raising over $9.7 million.
One of the standout features of MIND of Pepe is its deep integration with the market, providing real-time analysis of crypto trends.
The project can analyze emerging trends in the Web3 space on social media platforms, especially crypto Twitter, before they gain traction and point them out to MIND holders.
Unleash. $MIND pic.twitter.com/rm8Ptsp0f6
— MIND of Pepe (@MINDofPepe) April 23, 2025
The team behind MIND of Pepe launched their AI agent on May 10. So, investors won’t have to wait until after the presale to tap into the model’s market insights.
MIND holders also have the opportunity to stake their tokens for a stratospheric 234% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s presale will end in about 10 days.
Visit the MIND of Pepe website.
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