The price of BitTensor (TAO) rises less than 1 % in the past 24 hours, but it stands out as the only only metal currency in green, while others like serving, FET, and ing are all red. Tao’s technical indicators indicate an increase in bullish momentum, as BBTRand has reached the highest level in three weeks and the formation of a possible golden cross on EMA lines.
In addition, the Ichimoku cloud preparation remains positive, which enhances the possibility of more upward trend. Whether TAO can recover $ 500 in February or face withdrawal will depend on how it interacts with the main resistance levels and its support in the coming days.
Tom Ichimoku cloud, the bullish preparation
The Ichimoku Cloud chart displays an upward preparation, where Tao Price is currently trading over the cloud, indicating a strong momentum. The green cloud indicates that support is formed, which may help maintain the upper direction.
In addition, the price remains higher than the Blue Tenkan-Sen line, indicating that the short-term momentum is still in favor of bulls. However, the recent decline indicates that some resistance is being confronted, and can test the deepest lower support levels.
If Tao maintains its location over the cloud, the bullish direction may continue, with possible tests to the last top. However, if the sale pressure increases and the price decreases below the Tincan-Sen and Kijun-Sen lines, a move may occur towards the cloud.
The collapse in the cloud indicates a shift to monotheism, while the decrease below may indicate a possible reflection of the direction. Currently, the total expectations remain optimistic as long as Bittensor remains above the main support levels.
Tao Bbtrend climbs to a height of 3 weeks
Tao Bbtrend rose to 10.6, up from 1 earlier today, after it was negative yesterday and up to -2.7. This represents a major transformation in momentum, as BBTRand turns into positively indicates an increase in bullish pressure.
It is worth noting that this is the highest level since January 7, which indicates a possible trend. Tao was the only winner of the five largest artificial intelligence encryption tools.
BBTRand (Bollinger Band Trend) measures the momentum by analyzing the price mode within Bollegerer. Positive values refer to the bullish momentum, while negative values indicate a declining pressure.
With Tao now at 10.6, which is the most powerful level in weeks, it indicates that buying momentum returns. If it continues to rise, the price of bittusor may lead to the top, but if the decrease begins, a short -term correction may follow.
Palmeter of Ada: Will it return to $ 500?
TAO EMA lines indicate that the golden cross can be formed soon, as the shorter moving average in the range rises and approaches an intersection higher than the longest period.
If this upward signal is confirmed, Tao may gain momentum and test the level of resistance of $ 495. The above collapse can pay the price about $ 522, and if the upward trend remains strong, the Tao price may rise to $ 588, which represents a possible increase of 26 %.
However, if the upward trend fails to maintain momentum and momentum, Tao may face a decline towards the level of support of $ 434. Loss of this support may accelerate the decline, with more negative targets at $ 382 and $ 362.
A decrease in these levels can be at the risk of losing its location as the best artificial intelligence currency in the maximum market.
Disintegration
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