TAO Price Prediction for June 10
The post TAO Price Prediction for June 10 appeared on BitcoinEthereumNews.com. After consolidating near a crucial Fibonacci pivot, Bittensor (TAO) price has reignited bullish momentum heading into June 10. As of June 9, Bittensor price today is hovering near $402, marking a near 5% daily gain and challenging the 0.382 Fibonacci resistance at $397. This rebound comes after a multi-day pullback that tested support near the $354 level, aligning with the 0.5 Fib retracement. With both technical indicators and price structure improving, bulls appear poised to target higher levels if upside volume sustains. What’s Happening With Bittensor’s Price? The short-term Bittensor price action shows clear signs of renewed strength. The 30-minute chart confirms a clean breakout from a compression zone formed over the past two sessions, with price pushing decisively above the $387–$390 supply block. Multiple timeframes now show TAO reclaiming lost ground, with the 4-hour Bollinger Bands expanding to support further movement and the price reclaiming the 20/50/100 EMAs, currently clustered between $379 and $400. This Bittensor price update reflects not only momentum buying but also a recovery of technical positioning. The MACD on the 30-minute timeframe has crossed bullishly, and RSI has surged to 71, indicating overbought but strong trending conditions. Notably, the Stoch RSI remains elevated above 95, suggesting TAO may be nearing a short-term cooldown or consolidation phase. However, the structure remains bullish above the $387 breakout level. Why Bittensor Price Going Up Today Why Bittensor price going up today can be attributed to several key technical factors. Firstly, TAO bounced precisely from the 0.5 Fibonacci support near $354, which coincides with a previous structural pivot zone from late April. This bounce was confirmed with bullish divergence on MACD and a rising RSI trendline across the 4-hour and daily charts. Secondly, the breakout above the $397–$400 band signifies market participants are regaining confidence in TAO’s near-term direction.…
The post TAO Price Prediction for June 10 appeared on BitcoinEthereumNews.com.
After consolidating near a crucial Fibonacci pivot, Bittensor (TAO) price has reignited bullish momentum heading into June 10. As of June 9, Bittensor price today is hovering near $402, marking a near 5% daily gain and challenging the 0.382 Fibonacci resistance at $397. This rebound comes after a multi-day pullback that tested support near the $354 level, aligning with the 0.5 Fib retracement. With both technical indicators and price structure improving, bulls appear poised to target higher levels if upside volume sustains. What’s Happening With Bittensor’s Price? The short-term Bittensor price action shows clear signs of renewed strength. The 30-minute chart confirms a clean breakout from a compression zone formed over the past two sessions, with price pushing decisively above the $387–$390 supply block. Multiple timeframes now show TAO reclaiming lost ground, with the 4-hour Bollinger Bands expanding to support further movement and the price reclaiming the 20/50/100 EMAs, currently clustered between $379 and $400. This Bittensor price update reflects not only momentum buying but also a recovery of technical positioning. The MACD on the 30-minute timeframe has crossed bullishly, and RSI has surged to 71, indicating overbought but strong trending conditions. Notably, the Stoch RSI remains elevated above 95, suggesting TAO may be nearing a short-term cooldown or consolidation phase. However, the structure remains bullish above the $387 breakout level. Why Bittensor Price Going Up Today Why Bittensor price going up today can be attributed to several key technical factors. Firstly, TAO bounced precisely from the 0.5 Fibonacci support near $354, which coincides with a previous structural pivot zone from late April. This bounce was confirmed with bullish divergence on MACD and a rising RSI trendline across the 4-hour and daily charts. Secondly, the breakout above the $397–$400 band signifies market participants are regaining confidence in TAO’s near-term direction.…
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