{"id":472894,"date":"2024-01-17T18:14:47","date_gmt":"2024-01-17T18:14:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=472894"},"modified":"2024-01-17T18:14:47","modified_gmt":"2024-01-17T18:14:47","slug":"bittensor-price-outlook-tao-soars-15-but-traders-turn-to-this-ai-presale-that-flags-1300-crypto-gainers","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bittensor-price-outlook-tao-soars-15-but-traders-turn-to-this-ai-presale-that-flags-1300-crypto-gainers","title":{"rendered":"Bittensor Price Outlook: TAO Soars 15%, But Traders Turn To This AI Presale That Flags 1,300% Crypto Gainers"},"content":{"rendered":"

The Bittensor price has pumped 12% in the last 24 hours <\/span>to trade at $268.11<\/span><\/a> as of 5:35 a.m. EST, with trading volume surging 112% to $12.67 million.<\/span><\/p>\n

Bittensor Price Falling Wedge Pattern Signals Bull Rally<\/span><\/h2>\n
\"Bittensor
TAOUSDT Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

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. <\/span><\/p>\n

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. <\/span><\/p>\n

Bittensor Price Prediction Bulls Target $448 Mark <\/span><\/h2>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span> <\/span><\/p>\n

Launchpad XYZ Raises $2.5 Million, Less Than A Week To End<\/span><\/h2>\n

Launchpad XYZ<\/span><\/a> has secured $2.5 million in funding, and investors are still rushing to purchase the remaining tokens at a discounted <\/span>price of $0.0445<\/span><\/a> per LPX token.<\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

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📊 We're on the home stretch with only 7 days left in the #LaunchpadXYZ<\/a> presale!<\/p>\n

Join us and be part of something big! #LaunchpadXYZ<\/a> #Approved<\/a> #Web3<\/a> pic.twitter.com\/5SnlSe1oK1<\/a><\/p>\n

— Launchpad.xyz (@launchpadlpx) January 17, 2024<\/a><\/p><\/blockquote>\n