$TAO is 1,182% up from its all-time low of $30.40 on May 14, 2023.🔥

#Bittensor currently trading at $392.11.

With a market cap of $2.63B, #TAO is now the 44th largest crypto globally.

Will TAO reach $550? 🚀

Technical Analysis 📊

➡️ $TAO is currently retracing through a falling wedge pattern, the support zone around $382 pushing the price above the wedge.

➡️TAO trading below 50-day and 200-day EMAs, However,  bulls now managed to push price above 200-day SMA at $392.

➡️The RSI at 40 shows that buyers are preparing to further drive the price, as RSI trying to move up toward 50-midline level.

➡️We predict TAO is currently moving on a positive trend, if trend continues we can expect $550 this month.

Here are some Fundamental Analysis To drive the price up📈

1⃣ Notably, @TheBittensorHub is one of the top marketplaces for AI services and is among the Top 5 #Crypto in its group, potentially increasing the value of $TAO price.

2⃣Additionally, the team registered Subnet 17 on Bittensor network that is set to revolutionize machine learning model fine-tuning attracting miners with tangible rewards.

3⃣ This enhances $TAO's utility and ecosystem, potentially increasing demand and driving its price.
#TAO #Bittensor #TAO #TAO