Bittensor (TAO) has surged 16.4% in the past 24 hours, reaching $368.89, significantly outperforming the broader cryptocurrency market. This rally was fueled by the launch of a new fund by Yuma Asset Management and a technical breakout above the $353.8 Fibonacci resistance level. The daily trading volume for Bittensor hit $228 million.
Analysts have identified the next key resistance level at $394.5. However, with the Relative Strength Index (RSI) at 74.81, there are warnings of potential short-term pullbacks as the asset enters overbought territory.
Bittensor Surges 16.4%, Targets $394.5 Amid Market Rally
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