Is Bittensor (TAO) Ready for a Bullish Surge? This New Fractal Pattern Suggests So!
Market Volatility: The cryptocurrency market has experienced significant volatility, with Bitcoin and Ethereum both dropping over 2%, while Bittensor (TAO) stands out with a 41% monthly gain.
TAO's Chart Analysis: TAO's price structure is mirroring Zcash's (ZEC) breakout pattern from late August, indicating a potential bullish trajectory following a similar consolidation phase.
Potential for Growth: If TAO maintains its position above the 200-day moving average, it could see a significant price increase, potentially reaching around $1,000, which would represent a 130% upside.
Caution Advised: While the fractal pattern suggests a bullish outlook, traders should remain cautious as market sentiment will heavily influence the actual outcomes, and historical patterns are not guaranteed indicators of future performance.
About the author









