📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Bittensor (TAO) Gains Momentum With Double-Digit Gains: Is A Breakout On Horizon?
Date: Wed, Nov 27, 2024, 02:47 AM GMT The cryptocurrency market today witnessed a sharp reversal after yesterday’s correction, with Bitcoin (BTC) bouncing back near $95,000 from a low of $91,000. This recovery has sparked bullish momentum across altcoins, and AI token Bittensor (TAO) has emerged as a key gainer, rallying by over 10%. TAO is now trading at $584, boasting a market cap of $4.31 billion.
Source: Coinmarketcap Eyeing A Key Breakout Bittensor (TAO) has been building strength after successfully breaking out of a descending channel pattern near the $538 level. This breakout suggests a potential trend reversal and has brought the token to the upper boundary of a symmetrical triangle pattern—a crucial inflection point.
1.Bullish Scenario: If TAO breaks out above the upper trendline of the triangle pattern, it could initiate a fresh rally, targeting the $621 resistance zone. A successful breach of this level could push the price toward the next major resistance at $678, marking a substantial upside. 2.Bearish Scenario: In case TAO fails to confirm the breakout, immediate support lies at $537, which previously acted as a significant level during its descent. The RSI (Relative Strength Index) currently hovers near 67.27, indicating increasing bullish momentum while staying just below overbought territory. This further supports the possibility of an imminent breakout. What’s Ahead? The recent strong performances by major AI-tokens such as RENDER, NEAR, and GRT, suggests a favorable environment for TAO to continue its rally. If Bittensor breaks out of its symmetrical triangle pattern, it is well-positioned to join the ongoing surge in AI token prices. Investors and traders should keep a close watch on the $621 resistance level, as a confirmed breakout here could pave the way for substantial upside movements. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies. #BittensorTAO