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Bittensor (TAO)
Bittensor (TAO)
Bittensor is an open-source protocol for a decentralized machine learning network, rewards collaborative model training with TAO tokens based on their contributed informational value.
The price action analysis reveals that Bittensor crypto has been declining since April following a declining parallel channel pattern. The price has recently taken a rebound from the lower boundary and a psychological level of $200 and may surge towards the upper boundary of the channel.
Despite the long term trend being bearish, the short term trend may show gains if the price resumes above the previous day’s high. On the higher side, the $250 and $300 may act as a hurdle for the buyers.
Bittensor is an open-source protocol for a decentralized machine learning network, rewards collaborative model training with TAO tokens based on their contributed informational value.
The price action analysis reveals that Bittensor crypto has been declining since April following a declining parallel channel pattern. The price has recently taken a rebound from the lower boundary and a psychological level of $200 and may surge towards the upper boundary of the channel.
Despite the long term trend being bearish, the short term trend may show gains if the price resumes above the previous day’s high. On the higher side, the $250 and $300 may act as a hurdle for the buyers.
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