Bittensor Price Prediction: TAO Surges 12% as It Raises Over $10 Million in This Supercharged PEPE Presale

Vitensor price Soared Investors have been buying the altcoin, sending it up more than 12% over the past 24 hours to trade at $330.82 as of 11:45 p.m. ET.

The recent rally has pushed the TAO price even further into the green for its weekly performance. As a result, the altcoin has gained over 22% over the past seven days.

Bittensor price is challenging key resistance levels.

4-hour chart of TAO/USDT (Source: TradingView)

that request The price is attempting to overcome the $337 resistance level after forming an ascending channel by printing a series of higher highs and higher lows over the past 4 hours. If the cryptocurrency breaks the $337 limit in the next 24 hours, TAO is likely to break out of the bullish channel and surge to $370 in the short term.

On the other hand, if Bittensor price is rejected by the $337 resistance level, the bullish theory may be invalidated. In this alternative scenario, password We may risk testing the immediate support at $295. A break below this technical safety net could see TAO drop to $255 in the ascending channel.

Technical aspects suggest that Bittensor price may continue to rise

Technical indicators on the 4-hour chart of TAO suggest that Bittensor price may continue to rise over the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signs.

Over the past 24 hours, the MACD line has bounced off the MACD signal line, indicating that TAO has entered a new short-term bullish channel. In addition, the MACD line has broken above the MACD signal line. Traders can view this growing gap between the two lines as a sign that TAO’s positive momentum is gaining momentum.

Meanwhile, the RSI line has broken above the simple moving average (SMA) line on the 4-hour chart over the past 24 hours, indicating that buyers have gained the upper hand over sellers. However, the RSI is currently above 70, which some traders may see as a sell signal, as it suggests that the downside potential of TAO is greater than the upside potential.

As TAO continues its upward trend, a layer 2 meme coin has emerged. Pepe Unchained (PEPU) Pre-sales surpassed $10 million.

Turbocharger PEPE with its own chain

Pepe Unchained (PEPU) aims to improve upon the popular frog-themed PEPE, which was hampered by the scalability limitations of the congested Ethereum network.

Those who currently hold meme coins have had to endure high transaction fees and slow processing times as more and more tokens and projects enter the Ethereum ecosystem.

Pepe Unchained will be launching PEPU, which will move PEPE’s transaction processing operations from the Ethereum mainnet to a dedicated layer 2 chain.

This will not only reduce transaction fees to a fraction of what they are today, but will also allow for speeds up to 100x faster than any token deployed on the Ethereum mainnet.

Investors can enjoy Pepe Unchained’s lightning-fast transaction speeds thanks to cutting-edge bridging technology, while protecting their assets using Ethereum’s robust security framework.

Considering everything Pepe Unchained has to offer, it’s easy to see why analysts from popular YouTube channel 99Bitcoins have named PEPU as the best cryptocurrency to buy right now.

Investors rush to buy PEPU at pre-sale price

Pepe Unchained has raised over $10 million through its ICO so far, and funds are likely to continue to flow in as investors look to buy PEPU at the pre-sale price and access the 199% APY offered through the project’s staking program.

Pepe Unchained will change the flow of meme coins forever.

The world began to take notice.

Raised $10 million.

This is a monumental milestone! Get ready for fireworks! pic.twitter.com/yrmU0WuvhV

— Pepe Unchained (@pepe_unchained) August 22, 2024

To receive these rewards, investors must first acquire tokens through a purchase widget embedded on the project website.

PEPU, which is sold for $0.0092364, can be purchased using ETH, USDT, BNB, or a bank card. After purchase, tokens must be locked via the staking page on the website to participate in the high APY.

Investors looking to get their hands on Meme Coins at the best possible price will want to act quickly, as the token price is expected to rise within 23 hours. It will then rise again in subsequent phases.

Buy PEPU and invest your equity for 199% APY before the next price increase.

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