📊Bittensor (TAO) Price Analysis 🚀
TAO Shows Strong Recovery, Faces Resistance at $700
Bittensor (TAO) has made an impressive recovery after hitting a low of $472 on Thursday, dropping 4.16%. By Friday, TAO surged by nearly 18%, pushing above $500 and $550, eventually closing at $586. On Saturday, TAO briefly attempted to break $600, but sellers took control, driving the price down by 3.23% to $567.
Recent Price Action 📈
• Sunday: TAO bounced back strongly, rising 12% to close at $634, surpassing the key $600 level.
Bittensor (TAO) remains in a pivotal position as it continues to battle resistance at $700. Buyers have shown resilience by maintaining TAO above $600, a crucial psychological level. With the market showing signs of consolidation, the next key movements will be essential in determining the short-term outlook for TAO.
Potential Scenarios 🔮
• Upside Potential: Should TAO break and hold above $700, we could see a continued rally, with the next resistance likely around $750-$800.
• Downside Risk: If selling pressure increases and TAO dips below $600, there’s potential for a pullback toward $550 or even $500, where stronger support levels exist.
#WeAreAllSatoshi #moonbix #BinanceLaunchpoolSCR #U.S.UnemploymentNewLow #HBODocumentarySatoshiRevealed