TAO Surges Past $270, Eyes $400 Target
Key Takeaways
- TAO currently exhibits a bullish market structure with potential for an increase up to USD 400.
- Resistance levels at USD 320 and USD 360 may present short-term challenges.
- A pullback to the USD 290–300 range is possible before the next upward move.
- Technical indicators such as trading volume and the Awesome Oscillator confirm the uptrend.
TAO Breaks Through Key USD 270 Level
Bittensor (TAO) has recently overcome a key technical hurdle. The price climbed above the USD 270 mark — a previous turning point in the downtrend. This breakout signals a bullish market structure and is attracting the attention of swing traders and investors.
Technical Indicators Point to Growing Buying Interest
A look at the On-Balance Volume (OBV) shows that trading volume rose significantly in April, surpassing the highs from March. This indicates solid demand. The Awesome Oscillator — a momentum indicator — recently delivered a bullish signal. The green histogram bars suggest the uptrend is gaining momentum.
Watch Resistance Levels at USD 320 and USD 360
In January and February, the USD 320 and USD 360 levels acted as support. They have since turned into resistance levels. TAO is currently testing the USD 320 zone. If this resistance holds, a short-term consolidation could occur.
Liquidity Zone at USD 290–300 as Potential Pullback Area
An analysis of liquidation data shows high activity in the USD 280–295 range. This zone was recently broken through, confirming the bullish tendency. However, a pullback to the USD 290–300 range remains possible. This could present new buying opportunities.
Strategies for Traders: Entry After Pullback
Traders should keep an eye on a potential pullback to USD 290. A conservative strategy would be to wait for a successful test of this zone followed by a move above USD 300. Only then would a long entry be advisable.
Outlook: Next Target at USD 373, Then USD 400
If the current trend continues, the next price target is USD 373. Should this level also be breached, the psychologically important USD 400 mark comes into reach. The development of Bitcoin’s price will also be crucial, as it often sets the tone for altcoins.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Christmas Slots – Best Christmas-Themed Slot Machines
Reading time: ~ 2 minutes
-
Easter Slots – Best Easter-Themed Slot Games
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
Our Assessment
TAO currently presents a solid technical picture. The breakout above USD 270 was an important signal of a trend reversal. Rising volumes and positive momentum support further upside potential. Short-term pullbacks to the USD 290–300 range are possible and should be viewed as buying opportunities. An initial realistic price target is USD 373. A move to USD 400 is achievable if the bullish momentum continues.
Sources
- TradingView
- Coinglass
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency