Bittensor (TAO) Price Analysis Bittensor’s (TAO) l
Bittensor (TAO) Price Analysis
Bittensor’s (TAO) latest rally has taken the token’s price past $400, a level not seen since the beginning of June. TAO started the previous weekend in the red, dropping nearly 4% on Friday. Sellers retained control on Saturday as the price fell almost 1% to $322. It recovered on Sunday, rising 1.29% but was back in the red on Monday, dropping nearly 2% and settling at $320. TAO recovered on Tuesday despite selling pressure, registering a marginal increase and moving to $321. Bullish sentiment intensified on Wednesday as the price rose over 8% to cross the 20-day SMA and settle at $347.
Buyers retained control on Thursday as TAO rose 8.03%, crossing the 50 and 200-day SMAs and settling at $375. The price continued rising on Friday, registering an increase of almost 5% and settling at $394. Despite the positive sentiment, TAO lost momentum on Saturday, dropping 2.44% and settling at $384. However, it recovered on Sunday, rising nearly 2% to end the weekend at $390. TAO started the current week on a bullish note, rising almost 5% to cross $400 and settle at $408, but not before reaching an intraday high of $432. The current session sees TAO up 2.50%, trading around $419.
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