Is TAO Crypto Ready for $3,000? Traders Super Bullish on Bittensor, Here’s Why

Bittensor is a top crypto AI token, no doubt. While the project dominates headlines, TAO crypto, the underlying coin, has been performing dismally. Although prices sprang higher in early April, rising from around $160 and rallying to as high as $520 at some point in June, the coin has been moving sideways since then.

Will TAO Crypto Rally To $3,000?

The sideways price action, looking at bold predictions by analysts on X, could suggest that investors are accumulating.

One analyst is convinced that TAO USD is forming the W Pattern reminiscent of the November 2023 price action, which preceded major price gains. Then, prices soared from around the $30 to $90 zone to new highs of around $700.

The last time $TAO broke out of it's horizontal range ($30 – $90) was in Nov 2023 in a W pattern (post below)

It is about to repeat the same W pattern breakout ($200 – $700), this time with a target of $3,000+

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