Bittensor (TAO) Surges 20%, Coinbase Listing And Bullish Breakout Signal 2x Gains Ahead
- Bittensor (TAO) rebounds sharply from $349, gaining nearly 20% in a week.
- Coinbase listing boosts adoption and liquidity, driving demand.
- TAO Falling wedge breakout signals potential 2x price surge.
- Key resistance levels at $480 and $500 could determine the next move.
Bittensor (TAO) is on a strong upward trajectory, gaining nearly 20% over the past week as bullish momentum builds. Despite recent market turbulence triggered by Bitcoin’s drop to $93K support, TAO rebounded sharply from its low of $349, signaling renewed strength. As Bitcoin stabilizes and altcoins recover, TAO is showing signs of a continued rally, fueled by both technical indicators and a highly anticipated Coinbase listing.
Bittensor (TAO) Gets Listed on Coinbase
In a significant development, Coinbase has announced support for Bittensor (TAO), opening the doors for increased adoption and liquidity. TAO will be available for transfers on Coinbase and Coinbase Exchange in supported regions. This listing is expected to drive mainstream attention to Bittensor, making it more accessible to institutional and retail investors alike.
Coinbase listings often lead to increased demand and price appreciation, as seen with previous altcoins. The announcement could act as a catalyst for TAO’s next major price move.
Currently, Bittensor is trading at $456.72, with a 24-hour trading volume of $737.19 million and a market cap of $3.75 billion. In the past 24 hours, TAO has surged 9.93%, reflecting strong buying interest amid improving market sentiment.
TAO Falling Wedge Breakout Signals 2x Move
Technical analysts are highlighting bullish breakout patterns, reinforcing expectations of continued upward momentum. Captain Faibik pointed out that TAO has broken out of a Falling Wedge pattern on the daily chart, a setup often associated with strong upward rallies. Based on this pattern, he predicts that TAO could see a potential 2x surge in the coming days.
Additionally, World of Chart noted that TAO recently climbed from $392 to over $430 in just a few hours, securing 10% gains. According to their analysis, once the Falling Wedge breakout is fully confirmed, TAO could easily move towards $500 in the coming weeks.
What’s Next for Bittensor (TAO)?
With the Coinbase listing, strong technical indicators, and broader market recovery, TAO is positioned for further gains. If the bullish momentum continues, the next key resistance levels to watch are $480 and $500, which could serve as stepping stones toward new all-time highs.
As Bitcoin stabilizes and altcoin sentiment improves, TAO remains one of the top contenders for significant price appreciation. The coming days will be crucial in determining whether Bittensor can sustain its bullish breakout and reach new highs beyond $500.
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