Bittensor Price Prediction: TAO Soars 138% in One Week, But Analysts Say They Consider This Potential Pepe Killer for 100x Profits

adminFebruary 18, 2024

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Bittensor price has traded up 138% over the past 7 days. $659.55 1 AM EST.

Bittensor Price Prediction: TAO Diplay’s Optimistic Outlook

The chart shows a general upward trend evidenced by higher highs and higher lows. Bittensor price is breaking out of the upper boundary of the rising channel. This indicates that the asset is at a potential resistance level as the price action is contained within a rising channel, represented by two parallel trend lines sloping upward.

On the other hand, the money flow index (MFI) is relatively high at 66.18, indicating a buying trend. This oscillator takes into account both price and volume, so it indicates significant inflows into this asset. Additionally, the Average Directional Index (ADX) line is at 39.22, indicating a strong trend.

However, Bittensor price is approaching the lower trendline, suggesting a near-term retracement or consolidation is possible before attempting a retest at the upper resistance trendline. Additionally, with MFI approaching overbought territory (above 80) and currently moving south, this could be a sign that Bittensor price could potentially fall.

3-hour Bittensor/Tether chart | Source: TradingView

a promising alternative

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#PeckShieldAlert Address 0x9FCc… 19Fe (Suspicious #justin sun Related) 6,166 people were withdrawn. $ETH (worth approximately $13.8 million) #Binance pic.twitter.com/8jGbcwRvzg
— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

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Crypto analyst and YouTuber Jacob Bury says the project has 100x the potential at launch and could even outperform Pepe.

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