Bittensor (TAO), an AI-based token, has seen a significant price increase, currently trading at $638.43, up 126% in the past month. A golden cross on TAO's chart on October 7 indicates a potential rally above $700. The technical analysis shows a positive momentum with the 50-day SMA crossing above the 200-day SMA, signaling a buy opportunity. TAO's RSI at 66.13 and positive funding rate further support a bullish trend. Trading at $645.58, TAO faces resistance at $643.74, but could rally to $774.86 if the uptrend continues. However, profit-taking could lead to a decline towards $540.81 and potentially $306.77. This analysis serves as information only, not financial advice. Market conditions can change rapidly, so conduct thorough research and seek professional advice before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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