Bittensor (TAO) Gains Strength: Uptrend Continuation or a Short-Term Pop?

TheNewsCryptoPubblicato 2026-03-24Pubblicato ultima volta 2026-03-24

Introduzione

Bittensor (TAO) has surged 7.05%, with its price rising from an opening of $279.23 to a high of $319.84, breaking key resistance levels. Currently trading around $308.60, its daily volume increased by 74.73% to $747.93 million, while $3.03 million in TAO was liquidated. Technical analysis shows bullish signals: the MACD indicates strong upward momentum, the CMF suggests mild buying pressure, and the RSI at 62.52 shows room for further gains. The Bull Bear Power reading of 31.5 confirms bullish dominance. If the uptrend continues, the price could reach $318.45, but a downturn might see it retrace to support at $303.21 or lower.

Bittensor (TAO) has noticeably registered a 7.05% surge in value. The opening price of the asset was noted at $279.23, the lowest range of the day. Besides, with the bullish shift within the TAO market, the price rose to $319.84. Significantly, a few crucial resistance levels have been tested and broken to confirm the positive outlook.

At press time, Bittensor traded at around $308.60, with the daily trading volume of the asset having exploded by over 74.73%, reaching the $747.93 million range. Notably, the Coinglass data shows that the market has witnessed a liquidation of $3.03 million worth of TAO in the last 24 hours.

The 4-hour chart of Bittensor exhibits a current upside move, with the price climbing to the $313.72 resistance range. With a sturdy pressure on the upside, the golden cross may form, and the bulls could push the asset’s price up to a high of around $318.45.

If a downtrend emerges for TAO momentum, the price could immediately retrace toward the support level at $303.21. Assuming the bears gain more traction, the death cross might emerge, eventually, leading the asset’s price below $298.26 or even lower.

Can Bittensor Bulls Push the Momentum Higher?

Bittensor’s technical analysis reveals that the Moving Average Convergence Divergence (MACD) line is above the signal line, and both are above the zero line. It indicates a strong bullish sign. The trend is moving upward with solid momentum, and this supports a continued uptrend.

Besides, the Chaikin Money Flow (CMF) indicator stationed at 0.06 suggests mild buying pressure in the TAO market. Also, the capital is flowing into the asset, with the buyers having a small edge. It is not strong, but there is some accumulation happening.

The daily Relative Strength Index (RSI) at 62.52 implies the market is clearly leaning bullish. The buyers are in control, and the price has been moving up with steady momentum, but it is not overheated. There is still room for the upside to continue, though if it pushes closer to 70.

TAO’s Bull Bear Power (BBP) reading of 31.5 shows strong bullish dominance, which pushes the price above its average level. Notably, this reflects real strength in the trend, though if it keeps rising fast, short pullbacks can still happen.

Top Updated Crypto News

Zcash (ZEC) at a Battle Zone: Bounce Back or Breakdown Ahead?

Domande pertinenti

QWhat was the opening price of Bittensor (TAO) and how much did it surge?

AThe opening price of Bittensor (TAO) was $279.23, and it registered a 7.05% surge in value.

QWhat does the MACD indicator being above the signal line and zero line suggest for Bittensor?

AIt indicates a strong bullish sign, showing that the trend is moving upward with solid momentum and supports a continued uptrend.

QWhat is the significance of the RSI reading at 62.52 for TAO?

AAn RSI reading of 62.52 implies the market is clearly leaning bullish, with buyers in control and steady upward momentum, but it is not overheated, leaving room for further upside.

QAccording to the analysis, what are the potential price targets if the bulls maintain control?

AIf the bulls maintain control, they could push the asset's price up to a high of around $318.45.

QWhat does the Chaikin Money Flow (CMF) indicator value of 0.06 indicate about the TAO market?

AA CMF value of 0.06 suggests mild buying pressure in the TAO market, indicating that capital is flowing into the asset and buyers have a small edge, though it is not strong.

Letture associate

Can a Hair Dryer Earn $34,000? Deciphering the Reflexivity Paradox in Prediction Markets

An individual manipulated a weather sensor at Paris Charles de Gaulle Airport with a portable heat source, causing a Polymarket weather market to settle at 22°C and earning $34,000. This incident highlights a fundamental issue in prediction markets: when a market aims to reflect reality, it also incentivizes participants to influence that reality. Prediction markets operate on two layers: platform rules (what outcome counts as a win) and data sources (what actually happened). While most focus on rules, the real vulnerability lies in the data source. If reality is recorded through a specific source, influencing that source directly affects market settlement. The article categorizes markets by their vulnerability: 1. **Single-point physical data sources** (e.g., weather stations): Easily manipulated through physical interference. 2. **Insider information markets** (e.g., MrBeast video details): Insiders like team members use non-public information to trade. Kalshi fined a剪辑师 $20,000 for insider trading. 3. **Actor-manipulated markets** (e.g., Andrew Tate’s tweet counts): The subject of the market can control the outcome. Evidence suggests Tate’sociated accounts coordinated to profit. 4. **Individual-action markets** (e.g., WNBA disruptions): A single person can execute an event to profit from their pre-placed bets. Kalshi and Polymarket handle these issues differently. Kalshi enforces strict KYC, publicly penalizes insider trading, and reports to regulators. Polymarket, with its anonymous wallet-based system, has historically been more permissive, arguing that insider information improves market accuracy. However, it cooperated with authorities in the "Van Dyke case," where a user traded on classified government information. The core paradox is reflexivity: prediction markets are designed to discover truth, but their financial incentives can distort reality. The more valuable a prediction becomes, the more likely participants are to influence the event itself. The market ceases to be a mirror of reality and instead shapes it.

marsbit41 min fa

Can a Hair Dryer Earn $34,000? Deciphering the Reflexivity Paradox in Prediction Markets

marsbit41 min fa

Analyst Reveals Accumulation Level For Dogecoin Before It Rallies To $2

A crypto analyst, Crypto Patel, predicts that Dogecoin (DOGE) could rally to $2, despite currently trading below $0.10. The analyst identifies a key accumulation zone between $0.07 and $0.09, where DOGE has repeatedly tested support without breaking down. Based on a bi-weekly chart using Elliott Wave theory, DOGE is in a Wave 4 consolidation phase within a descending channel. A bounce from this support is expected to trigger a Wave 5 rally, projecting a 2,767% surge toward $2. Price targets are set sequentially at $0.50, $1, and $2, with a stop-loss below $0.048. For a bullish trend reversal, DOGE must break above the $0.10 resistance level, which was recently rejected in April. Analysts emphasize that market conditions and a confirmed higher high are critical for the projected uptrend.

bitcoinist1 h fa

Analyst Reveals Accumulation Level For Dogecoin Before It Rallies To $2

bitcoinist1 h fa

Weekly Editor's Picks (0418-0424)

Weekly Editor's Picks (0418-0424) provides in-depth analysis on key developments across macro trends, crypto markets, and policy. Key topics include the oil market nearing a physical supply crisis due to shipping disruptions, even if the Strait of Hormuz reopens. In crypto, reports cover global consumer crypto adoption, a data-driven strategy for trading volatile altcoins, and the state of VC funding. Prediction markets like Polymarket are analyzed not as pure event-guessing games but as systems where understanding legalistic rules creates an edge. Major DeFi protocol Aave is criticized for poor crisis management amid a $300M exploit, while the controversial structure of World Liberty Financial is examined. Other highlights include policy updates like the CLARITY Act, Ethereum’s, airdrop opportunities, and weekly recaps of major incidents like the Kelp DAO hack and SpaceX's AI disclosures.

marsbit1 h fa

Telegram Founder Claims French Officials Sold Crypto Data, Linked To 41 Kidnaps

Telegram founder Pavel Durov has accused French officials of selling crypto owners’ data to criminals, linking it to a sharp rise in kidnappings. France has seen 41 crypto-related kidnappings this year, part of a growing international trend known as “wrench attacks.” Durov criticized French policies requiring identity data and access to private messages, arguing that increased data flow leads to more leaks and victims. The incidents, which began in late 2024, have escalated significantly in 2026, now accounting for over half of all organized kidnappings tracked by French intelligence. In response, the government plans a broader crackdown, including a dedicated police unit, improved international coordination, and a new prevention platform for threat alerts and security guidance.

bitcoinist1 h fa

Telegram Founder Claims French Officials Sold Crypto Data, Linked To 41 Kidnaps

bitcoinist1 h fa

First Day Review of "Musk's WeChat" XChat: Even Worse Than Expected

Elon Musk's much-anticipated "WeChat-like" app, XChat, has officially launched after multiple delays. The initial review reveals a product that falls short of expectations, offering an experience largely similar to X Platform's (formerly Twitter) direct messages, despite being marketed as an encrypted communication tool. Key observations from the first-day test include: 1. The app's promoted "end-to-end encryption" and its claimed relation to Bitcoin's architecture were criticized by experts as a superficial attempt to capitalize on crypto buzz, with no real technical connection. 2. Musk's vision of an ad-free "secure communication system" is technically met, but only because the app is currently extremely basic, featuring only a single chat interface. 3. A promised anti-screenshot feature appears inconsistent; it works in X Platform group chats but fails within the XChat app itself, where screenshots still capture avatars. 4. The app supports 45 languages and has a 16+ age rating, indicating a broader tolerance for content compared to WeChat's 13+ rating. 5. A puzzling login process requires users to verify the email associated with their X account. 6. The touted encryption" feels minimal in practice, with its presence only indicated by a simple "Encrypted - Yes" label on messages. 7. Disappearing message timers for groups can be set from 5 minutes to 4 weeks, with the timer starting upon being read by a user. 8. Group invite links are shared with X Platform groups. 9. Group size limits are planned to be increased, aiming for 1000 members, a move that has drawn user criticism. 10. The app offers 8 different colored icons, and its chat bubbles are notably similar to WeChat's. Message deletion options mimic Telegram's. Crucially, many pre-announced features like importing X contacts, integrating Grok AI, X Money payments, and Cashtags are not yet available. The initial release is seen as a bare-bones and underwhelming first step.

Odaily星球日报1 h fa

First Day Review of "Musk's WeChat" XChat: Even Worse Than Expected

Odaily星球日报1 h fa

Trading

Spot

Futures