Bittensor Price Prediction: TAO Soars 12% As This Supercharged PEPE Presale Raises Over $10 Million

Bittensor Surges 12%, Eyeing Major Resistance

The Bittensor price has surged over 12% in the past 24 hours, reaching $330.82 at 11:45 p.m. EST, as investors actively accumulate the altcoin. This recent gain has boosted TAO's weekly performance by more than 22%.

Bittensor Price Challenges Resistance

4-hour chart for TAO/USDT (Source: TradingView)

Bittensor is encountering resistance at $337 after forming an ascending channel on the 4-hour chart. If the crypto surpasses $337 within the next 24 hours, it could break out of the bullish channel and potentially reach $370 in the short term.

However, if the resistance at $337 prevails, the bullish sentiment could be invalidated. In that scenario, TAO may test the support level at $295, potentially leading to a drop out of the ascending channel towards $255.

Technical Indicators Suggest Continued Rise

TAO's 4-hour chart indicators point to a potential continuation of the upward trend. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are exhibiting positive signals.

The MACD line has rebounded above the MACD Signal line, indicating a new bullish channel. Additionally, the gap between the two lines is widening, suggesting increasing momentum.

The RSI line has also broken above its Simple Moving Average (SMA) line, indicating buyer dominance. However, the RSI is currently above 70, which some traders may interpret as a potential sell signal.

Pepe Unchained Surpasses $10 Million in Presale

While TAO continues its ascent, layer-2 meme coin Pepe Unchained (PEPU) has raised over $10 million in its presale.

Enhanced PEPE with Unique Chain

Pepe Unchained aims to address the scalability limitations of Ethereum by moving PEPE's transaction processing to a dedicated layer-2 chain. This will significantly reduce transaction fees and enhance transaction speeds by up to 100 times.

Presale Opportunity

Pepe Unchained is currently available for presale at $0.0092364. Investors can purchase PEPU using ETH, USDT, BNB, or bank card. By staking their PEPU tokens, investors can earn a 199% APY.