🚀 TAO is On Fire!
Bittensor ($TAO ) is putting on a masterclass in bullish momentum today, surging +30.72% and currently sitting at $205.1.
📊 The Technical Breakdown (5m Chart):
Parabolic Climb: We’ve seen a steady ascent from the $185 level, with price action staying consistently above the short-term EMAs.
EMA Alignment: The EMA(7) (yellow) and EMA(25) (pink) are sloping upward with a healthy gap, signaling strong buying pressure.
Volume Support: 24h volume is sitting at a robust 45.06M USDT, showing that this move has real weight behind it.
💡 What to Watch:
While the 5-minute chart looks like a moonshot, keep an eye on the $205.8 high. If TAO can flip that resistance into support, the next leg up could be even more interesting. However, with a 30% jump in 24 hours, watching for a healthy retest of the EMA(25) near $199 wouldn't be out of the question for a sustainable trend.
Note: Markets that move this fast can be volatile. Always manage your risk and don't chase the green candles blindly!