Stacks

bullish

Bittensor

2024

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<p><a href="https://captainaltcoin.com/bittensor-tao-price-chart-signals-potential-35-rally-after-bullish-breakout/" target="_blank" rel="noopener noreferrer nofollow">Bittensor’s TAO token</a> broke past the $645 resistance level, prompting market analysts to project ambitious price targets.&nbsp;</p>
<p>Crypto analyst McKenna expects the token to reach $1,000 within two months, while fellow analyst Crypto Rand points to the ecosystem’s growth as a catalyst for future gains.</p>
<p>TAO’s price has risen steadily since September from around $300. At press time,&nbsp; it trades around $692.63. According to CoinGecko data,<a href="https://www.coingecko.com/en/coins/bittensor" target="_blank" rel="noopener noreferrer nofollow"> the token has risen</a> by 24.84% and 12.43% over the past week and day, respectively.</p>
<p>At $520,362,389, the trading volume has stayed robust, demonstrating investor interest in the coin and market participation.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> breaking above $645 will be a big risk on signal for the market.<br><br>Confident this goes above $1000 within the next 2 months. <a href="https://t.co/P0PngcmGH7" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/P0PngcmGH7</a></p>— McKenna (@Crypto_McKenna) <a href="https://twitter.com/Crypto_McKenna/status/1864030983562908039?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2024</a>
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<h2 class="wp-block-heading" id="strong-tao-technical-analysis-points-to-bullish-outlook-strong"><strong>TAO Technical Analysis Points to Bullish Outlook</strong></h2>
<p>Chart analysis reveals multiple supportive technical factors for TAO. The price action demonstrates a series of higher lows since July 2024, with strong support established in the $500-520 range.</p>
<p>Moving averages display bullish convergence patterns, while the previous resistance at $645-650 has transformed into a support level. The volume profile indicates steady accumulation during recent consolidation phases.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-stacks-stx-has-been-booming-pretty-strongly-expert/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Stacks (STX) Has Been ‘Booming Pretty Strongly’: Expert</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-market-analysts-share-optimistic-views-strong"><strong>Market Analysts Share Optimistic Views</strong></h2>
<p>McKenna shared their analysis on X, noting that TAO’s break above $645 serves as a broader market signal. Their forecast suggests the token will surpass $1,000 by February 2025.</p>
<p>Crypto Rand emphasized the expansion of the <a href="https://captainaltcoin.com/heres-why-elite-analysts-believe-bittensor-tao-price-could-hit-four-digits-soon/" target="_blank" rel="noopener noreferrer nofollow">Bittensor ecosystem</a> over recent months. The analyst drew attention to artificial intelligence as a defining theme for the upcoming bull market cycle.</p>
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   <p lang="en" dir="ltr">Imagine sleeping on <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a>…the <a href="https://twitter.com/hashtag/Bittensor?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bittensor</a> ecosystem growth during the last months has been wild.<br><br>The upcoming bull seasons, will be <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#AI</a> season <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UGxE67cP9G" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UGxE67cP9G</a></p>— Crypto Rand (@crypto_rand) <a href="https://twitter.com/crypto_rand/status/1864255118213808364?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>The price structure shows multiple tests of moving averages acting as dynamic support levels. Previous consolidation zones near $300-350 from the July-August period have provided a foundation for the current upward movement.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-confident-bittensors-tao-price-goes-to-1000-heres-when/" rel="noopener noreferrer nofollow">Analyst ‘Confident’ Bittensor’s TAO Price Goes to $1,000 – Here’s When</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst ‘Confident’ Bittensor’s TAO Price Goes to $1,000 – Here’s When

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