Bittensor’s Price Prediction for April
Bittensor’s price prediction for April suggests a continued recovery, with the potential to reach the $280.00 mark soon. The technical chart structure appears bullish, forming a clear trend reversal pattern. Moreover, bulls seem more aggressive than bears, signaling strong buying interest.
Furthermore, the probability of continuing the upward momentum remains high as buyers are looking strong. The Bittensor price surpasses the $250 psychological level, which shows strength in the momentum.
In the 4-hour time frame, the TAO price broke above the 50-day ($225.91) and 200-day ($251.45) EMAs suggesting positive momentum. According to CMC data, Bittensor is currently priced at $253.08 with an intraday rise of 7%. Additionally, the 24-hour volume-to-market cap ratio holds at 6.14% and the market cap stands at $2.17 billion.
Will Bittensor (TAO) Price Reach the $300 Mark?
The TAO price is bouncing back by taking support near the $168.26 and rose approximately 52%. Now, the price may attempt to break the $280 hurdle. If the bulls succeed, the price might reach $300.00. TAO price had surpassed key resistance levels, which triggered the positive sentiment. So, presently the bulls are dominating and the possibility of a $280.00 breakout remains high. The price action indicates that the price is in buyers’ grip and may hit $280 in the upcoming days but to attain this it has to sustain at current prices.
The price analysis suggests that till the Bittensor crypto price sustains above the $250.00 level the downside risk remains low. $225.94 and $200.00 will be the strong support levels for the TAO price and $280 will act as the strong resistance level.
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