Dramatic Bullish Recovery: Bittensor $TAO Surges 7% to Reclaim $290
$TAO Price Surge: Bittensor's native token $TAO has surged 7% intraday, reclaiming the critical $290 support level after a dip to $250 earlier in the month, signaling potential bullish momentum in the AI-crypto market.
Technical Indicators: The recent price action is supported by bullish technical signals, including a MACD crossover, an engulfing candle pattern, and a 20% increase in trading volume, indicating strong buying pressure.
Whale Accumulation: Whales have accumulated 5,000 TAO during the dip, contributing to the token's momentum and positioning for a potential push toward the $320 resistance level, amidst broader market support from Bitcoin's stabilization.
Future Outlook: As $TAO's market cap approaches $2.1 billion, its performance is seen as a vote of confidence in decentralized AI, with potential for explosive growth if it breaks the $320 barrier, while investors should remain cautious of macroeconomic risks.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
About AI
About the author







