Bittensor Price Outlook: TAO Soars 15%, but Traders Turn to This AI Pre-Sale That Announces 1,300% Crypto Gains.

adminJanuary 18, 2024

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Bittensor price is up 12% in the last 24 hours. Traded for $268.11 As of 5:35 a.m. EST, trading volume had surged 112% to $12.67 million.

Bittensor Price Bearing Wedge Pattern Signal Bull Rally

Bittensor price chart analysis. Source: Tradingview.com — TAOUSDT chart analysis. Source: Tradingview.com

TAO price showed a bounce, bouncing back near the $219 support level after being rejected at the $389 resistance level. This rejection allowed bears to apply downward pressure, resulting in the formation of a descending wedge pattern, suggesting a possible reversal to a bullish trend.

However, the 50-day simple moving average (SMA) remains an obstacle for the bulls to overcome as the price is trading above the 200-day SMA. If momentum continues, bulls could push the price above the 50-day SMA, confirming a near-term rally.

The Relative Strength Index (RSI) rebounded from the 40 level and reached 53, indicating that it is above the neutral level of 50, indicating strong buying pressure on the Bittensor price. Continued momentum could push RSI higher and reach the 70 overbought level.

Bittensor Price Prediction Bull Targets $448 Mark

The general trend for TAO is a bullish bias due to the descending wedge pattern. Continued momentum could allow bulls to target $448 and mark distance X for the upper part of the wedge.

However, bear intervention could trigger a downtrend, causing bulls to seek safe haven at $191, which coincides with the lower limit of the descending wedge.

As traders await a clear signal to add more positions on Bittensor, investors are adding more Launchpad XYZ to their portfolios and are hoping for lucrative returns after the pre-sale ends within 7 days.

Launchpad XYZ raises $2.5 million in less than a week

Launchpad XYZ It has raised $2.5 million in funding, and investors are still rushing to buy the remaining tokens at a discount. Price: $0.0445 per LPX token.

As the exclusive pre-sale phase enters its final phase with less than seven days remaining, the project is gearing up to secure its $3 million funding goal.

Launchpad XYZ will be officially released on January 24th. Token claims will begin on January 29th, followed by immediate listing on the DEX.

📊 We returned home with only 7 days left in our stay-at-home period. #LaunchpadXYZ Ticketing!
Be a part of something big with us! #LaunchpadXYZ #Approved #web3 pic.twitter.com/5SnlSe1oK1
— Launchpad.xyz (@launchpadlpx) January 17, 2024

Transforming the cryptocurrency industry through advanced AI analytics

Launchpad XYZ is an innovative Web3 trading platform that showcases impressive cutting-edge features. Positioned as an important tool for traders, the product leverages advanced AI to connect users with cryptocurrency whales to help them find the next 10x trade.

The main attraction is the free trading currency, which helps investors earn high returns of almost 1,300%.

“I’ve never seen anyone make such a huge monthly recurring profit in such a short period of time,” said VANI, a user on the Launchpad XYZ Discord server. “I have been with LPX since May and the trades sent to the signal group each month are of a very high standard and I am more and more impressed every month.”

The ongoing presale offers a variety of NFT passes starting at $50 for basic access. If you purchase a higher tier, you’ll enjoy additional benefits such as weekly LPQ insights, access to exclusive chat groups and founder sessions.

🚀 Feature Spotlight: Advantages of LPQ!
Get ready to supercharge yourself #Cryptocurrency transaction. LPQ will give you a competitive advantage like never before.
Please look forward to its release! 🔥#LaunchpadXYZ #web3 #how pic.twitter.com/KjLp1YyauH
— Launchpad.xyz (@launchpadlpx) January 15, 2024

Crypto analyst and YouTuber Michael Wrubel recently introduced the Launchpad XYZ project. He provides insight into the project and how to participate in the ongoing pre-sale.