- Bittensor (TAO) price retests at $380, indicating potential for growth towards $600 as the ecosystem expands.
- Render (RNDR) sees a bullish RSI cross and investor confidence with rejections below $10, hinting at a significant upward move.
- Solana (SOL) targets $270 with bullish inverse Head and Shoulder pattern completion, aiming for new all-time highs.
Bittensor (TAO) has dipped to its historically strong support level around $380. The token is currently priced at $402.52, reflecting a 5.72% daily gain despite a 1.62% weekly decline.
Analysts view this as a retest following a breakout on the daily chart. Anticipation of continued growth within the Bittensor ecosystem has some analysts eyeing $600 as a potential upside target, making the current price a possible buying opportunity for investors.
1/ $TAO ( @opentensor )➥ The price dropped to the $380 level which has been a great area to add for $TAO
➥ It's important to know that the breakout has already happened on the dailyt TF for $TAO and this is a retest.
➥ Expectation are high with this asset and the ecosystem… pic.twitter.com/LvMHoLk7h3
— Our Crypto Talk (@ourcryptotalk) June 5, 2024
Render (R…
The post Market Analysis: Bittensor, Render, and Solana Show Promising Trends appeared first on Coin Edition.