Key Takeaways
- TAO’s Current Status: The TAO price has been printing huge bullish candles in the second fortnight of the month and is expected to mark new highs soon. While the volume favors the bulls, the bears are unlikely to hinder the rally.
- Market Performance: After a monstrous rally, the token is facing bearish heat as the TAO price is trading around [current_prices pair=”TAOUSDT”] with a drop of 1.12%. The market cap also registers a similar drop but sustains above $4 billion, and the trading volume also drops by more than 33%. Regardless of this, the bullish sentiments continue to hover over the TAO price rally.
- Technical Analysis: The latest rise in the price has elevated the token above the bearish influence. Besides, the bears are leaving no opportunity to squeeze profits as the price is facing equal pressure on both sides. However, the buying pressure continues to mount, and hence the price may maintain a healthy ascending trend.
- TAO Price Prediction: the long-term price action of Bittensor remains bullish as the price trades within a bullish range. The price is expected to achieve $600 in the next bullish action, which may further keep up a strong bullish trend until it reaches a 4-digit figure.
- Future Outlook: The growing optimism around the token suggests the market participants are quite confident over the next price action. Therefore, the price appears to be poised to break above the current highs in the next few days.
Where will Bitcoin Price Head Next?
- The Bittensor price has been maintaining a steep ascending trend over the past few days, reviving the possibility of forming new highs
- Unfortunately, the bears are restricting the rally below $600 as the bulls are falling weak after a 100% upswing
- Besides, the Relative Strength Index has entered the overbought range and displays the possibility of a pullback
- However, the Gaussian channel remains bullish, suggesting a revival of a strong rise after a brief consolidation
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$193 / $146 / $73 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$345 / $393 / $470
|
|
50-day EMA |
$292
|
|
200-day EMA |
$331
|
|
RSI level |
57.32 |
|
MACD level (Signal Line) |
5.28 |
Bittensor Price Prediction September 2024
Similar to the other tokens in the market, the BIttensor price began the monthly trade on a bearish note and slipped to form the bottom close to $225. However, the bulls triggered a massive run and elevated the levels by more than 140%. The price is currently consolidating but is believed to trigger a fine rise and close the trade around $590.
After a notable rise in the last few days of the month, the price is expected to gear with the beginning of the last quarter. The optimism may rise with a rise in the buying pressure, which may eventually elevate the levels above $610 to $615. However, by the end of the month, the price could face another rise and close around $625.
The TAO price may remain largely bullish since the start of the month and gear up to mark new highs. However, the bearish activity may rise, compelling the price to remain consistent below $620 but above $600 for a while. In the last few days, the buying pressure may again increase, triggering a fresh upswing above $630 at the end.
During the last few weeks of the quarter, the traders are expected to become more optimistic over the next price action. As a result, massive liquidity could flow into the token, causing a significant rise in the price. While the ATH remains untouched, the bulls are expected to reduce the distance by rising above $660. However, the bears are expected to restrict the rally at $670 or $675, which may delay the possibility of forming a new ATH. By the end of the year, the TAO price may receive a strong bullish push, which may propel the price beyond $690.
Bittensor Price Prediction 2025
Bittensor price in 2025 is anticipated to experience significant growth, with the altcoin potentially trading in a broader range, from $600 to $800. As adoption of decentralized machine learning networks expands, TAO price could see increased institutional interest, further driving its value. Technical indicators like the Fibonacci retracement levels may play a key role in determining support and resistance areas throughout the year. A strong upward trend is likely to continue, especially if Bittensor’s ecosystem attracts more developers and users. The $800 price level will serve as a critical resistance, with sustained trading volume being essential for a bullish breakout. The Relative Strength Index (RSI) could signal overbought conditions, cautioning investors of potential pullbacks.
By 2026, Bittensor price may reach new highs, trading between $850 and $1,000, driven by continued advancements in AI and blockchain integration. As decentralized systems gain prominence, TAO’s unique positioning could lead to increased demand. A breach of the psychological $1,000 resistance would be a significant milestone, potentially indicating long-term bullish momentum. Key moving averages, such as the 100-day and 200-day EMAs, may act as support levels during price corrections for TAO price. Furthermore, market sentiment will be influenced by macroeconomic factors, including broader crypto trends. If Bittensor continues to innovate, TAO could solidify its position as a leader in the decentralized AI space.
By 2027, Bittensor price could see a range between $1,000 and $1,300 as the decentralized AI market matures and garners broader attention. This year might be marked by steady growth rather than extreme volatility, as the market gains confidence in Bittensor price’s long-term potential. The $1,300 resistance level will be crucial, and breaking through it may open the door to higher highs, potentially setting the stage for a longer-term rally. From a technical analysis standpoint, traders will closely watch the 200-day moving average for signs of continued bullish momentum. With more institutional participation expected in the decentralized AI space, demand for TAO could remain strong, with pullbacks being seen as buying opportunities for long-term investors. Sentiment-driven rallies, combined with key support levels around $1,000, could further sustain the positive outlook for TAO price.
In 2028, Bittensor price could range from $1,200 to $1,500, reflecting a mature market phase. As blockchain technology becomes increasingly mainstream, TAO’s unique capabilities in decentralized machine learning may lead to stronger institutional adoption. Investors will likely monitor long-term chart patterns, such as the ascending triangle formation, which could indicate a breakout past the $1,500 resistance level. A bullish crossover between key moving averages could further affirm an upward trend. Additionally, the TAO ecosystem’s growth, through partnerships and technological advancements, will play a pivotal role in sustaining price momentum. The potential for price volatility remains, especially as the market reacts to broader economic cycles.
By 2029, Bittensor price is expected to trade in the range of $1,600 to $2,000, as the project continues to solidify its status in the decentralized technology landscape. The psychological resistance at $2,000 will be a critical level to watch, as breaking past this could signal a new phase of growth. TAO price may see price consolidation around $1,800, with short-term corrections providing buying opportunities for investors. Technical analysis indicators like the MACD and RSI could show bullish signals, supporting long-term upward momentum. Market participants will also focus on broader crypto market conditions, which could impact TAO price trajectory as it aims for higher valuations.
Looking ahead to 2030, Bittensor price may see prices ranging between $2,200 and $2,800, potentially marking the project’s full realization as a key player in the decentralized AI and blockchain sectors. At this stage, the $2,800 resistance could serve as a major hurdle, with the $2,500 level acting as a strong support base. The broader adoption of decentralized technologies, along with increased AI reliance, could drive TAO price to new highs. Traders should focus on key indicators such as the Bollinger Bands, which may signal periods of low volatility, followed by sharp price movements. With continuous development in its ecosystem, Bittensor’s long-term outlook remains bullish.
Will Bittensor Price Continue to Rise in 2024?
Bittensor price has demonstrated significant strength since the start of the year by forming an ATH above $700. Although this move caused a huge pullback by more than 50%, the bulls reclaimed strength and are on their way to test the ATH. Therefore, the Bittensor price is expected to remain elevated for the rest of 2024.
