Top analyst TraderPA has predicted on X (formerly Twitter) that Bittensor's price will hit $750 in 2025. He backed up this claim with technical analysis showing price patterns and market trends.
A bold prediction has emerged from the cryptocurrency community, suggesting that Bittensor (TAO) price could reach $750 again by 2025. This projection is based on technical analysis performed by a renowned analyst, who goes by the handle TraderPA on X (Twitter).
TraderPA's analysis begins by highlighting a sustained downtrend in TAO's price over recent months, which is depicted by a downward-sloping trendline on the price chart. A pivotal moment occurs as the price dips sharply below a key support zone, only to experience a rapid recovery. This move below the support level may indicate a liquidity grab, a tactic commonly employed by market participants to trigger stop-loss orders before a reversal.
Following this recovery, TAO's price action shows signs of bullish momentum as the candle reclaims levels above the support zone. The Bittensor chart also features a green upward arrow, which anticipates a breakout above the trendline, leading to further upward movement toward higher resistance levels.
The analysis identifies a strong support area, marked by a gray rectangular zone on the chart. While the price briefly drops below this zone, the swift recovery indicates strong buying pressure at lower levels.
Above this support area, two horizontal red lines highlight critical resistance levels. The first resistance lies just below $750, while the uppermost line sits at the $750 level itself. Overcoming these levels will be crucial for TAO to reach the projected target.
TraderPA's tweet expresses confidence in TAO's long-term growth, stating, “$TAO will hit $750 again in 2025. Bookmark this post.” This statement aligns with the chart's technical signals and suggests strong conviction in $TAO's potential over the coming years.
The combination of a detailed technical analysis and the trader's confident tweet presents a bullish outlook for TAO. If market conditions remain favorable, the outlined resistance levels and upward momentum may guide TAO's price toward the anticipated $750 target by 2025.
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