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Reading: Price Targets from Different Analysts: Bittensor (TAO) and Ethereum (ETH) Chart Comments
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EdaFace Newsfeed > Latest News > Technical Analysis > Price Targets from Different Analysts: Bittensor (TAO) and Ethereum (ETH) Chart Comments
Technical Analysis

Price Targets from Different Analysts: Bittensor (TAO) and Ethereum (ETH) Chart Comments

vitalclick
Last updated: September 24, 2024 2:42 pm
4 months ago
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King crypto money The unit is trying to exceed $63,700 and the stock markets are generally positive. The interest rate cut step taken by China is positive for the risk markets in terms of expanding global liquidity. So what do cryptocurrency analysts say? Bittensor (TAO) and Ethereum (ETH) $2,656 What are the latest price estimates for? We are considering current chart analysis.

Bittensor (TAO) Graphic CommentEthereum (ETH) Chart Comment

Bittensor (TAO) Graphic Comment

Popular cryptocurrencies Bittensor (TAO) was on the agenda of many analysts today. The analyst who shared the current charts was the expert nicknamed LSD. The analyst, who also shared the bullish sentiment for TAO Coin on September 19, thinks that the price, which has increased more than 3 times from the bottom, will continue to rise.

“If it stayed strong throughout the bear market, imagine what it will do when the bull run really starts. It’s up more than 3x from the lows and climbing. This is just the beginning for TAO. When we get deeper into the bull market, that’s when things will really pick up.”

Analyst nicknamed Crypto Fella is also among the experts who share their bullish expectations for TAO Coin. Citing the interest in the AI ​​field and the ongoing demand for TAO, the analyst wrote that the rally will continue and shared the chart below.

The main support area in the event of a possible decline is between $240 and $200, and if it wants to test its yearly top, the TAO price could push the $800 mark.

Ethereum (ETH) Chart Comment

The Moon Carl wrote that the downtrend for ETH has now been broken. According to him, the first point the price will visit after breaking out of the falling wedge formation is $2,700. However, Bitcoin $63,729 The ongoing volatile price movements make this difficult. At the time of writing, BTC, which was targeting $63,800, fell back to $63,000 in a matter of minutes.

For altcoin investors BTC The price must consolidate at higher levels and exceed the ATH level. Otherwise, investors, under the influence of the nightmare experienced for the last 2 quarters, may quickly wear out the sell button with each pullback.

ETH price At the time of writing, it is finding buyers at $2,613 and its protection of $2,600 is positive for now.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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