Bittensor (TAO) Price Prediction: TAO Surges 20% in a Week, What's Next?

Bittensor's TAO/USD price has increased 3.15% over the past 24 hours to $287.79. Over the past week, TAO has experienced an uptick of over 20.0%

Bittensor (TAO) price today is $287.79 with a 24-hour trading volume of $122,933,183. TAO price is up 3.15% in the past 24 hours. It has a circulating supply of 7,383,125 and a max supply of 21,000,000. The TAO/USD price is up over 20% in the past week.

On the TAO/USD 1-day chart, the Bollinger Bands are widening, indicating increasing volatility. The coin price is trading within the upper Bollinger Band, indicating bullish momentum. The Relative Strength Index (RSI) is at 63.64, indicating that the coin is in the overbought zone.

On the TAO/USD 1-week chart, the coin price has formed a bullish candle, indicating buying pressure. The Bollinger Bands are also widening on this chart, indicating increasing volatility. The RSI is at 54.82, indicating that the coin is in the neutral zone.

The coin price is now approaching a key resistance level at $300. If the coin price can break and hold above this level, it could continue to rally towards the all-time high at $757.60. However, if the coin price fails to break above this resistance level, it could experience a pullback towards the 100-day moving average at $260.

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