🚀 AI Crypto TAO Skyrockets 17% This Week – Outshines Market Peers

Move over, legacy tokens—TAO's AI-powered surge just schooled the crypto old guard.

Why TAO's breakout matters:

While traditional assets flatline, this AI blockchain project pulled off a 17% weekly gain that'd make Wall Street quants blush. No fluke—just algorithmic trading pairs eating institutional lunch.

The cynical take:

Another week, another 'disruptive' crypto outperforming real-world economies. At least this one runs on neural nets instead of hopium.

In Brief

• Bittensor (TAO) jumps 50%, riding the wave of enthusiasm for cryptocurrencies linked to artificial intelligence.
• Technical indicators confirm a solid bullish trend, with a possible extension towards $500.
• Despite an uncertain macro context, TAO establishes itself as a crypto project combining AI innovation and speculative appeal.

TAO on a Well-Defined Upward Slope

On the technical indicators side, TAO confirms a mature bullish structure. Since breaking out of a downtrend line, the price has firmly supported itself above it. A minor detail, perhaps, but telling: the famous Golden Cross, when the 50-day moving average surpasses the 100-day moving average, was validated last Friday.

This type of technical signal, often amplified by market sentiment, perfectly illustrates the importance of the emotional dimension in trading.

A second bullish crossover for TAO, which offers multiple signals today, this time between the 50 EMA and the 200 EMA, could happen very soon.

If this scenario is confirmed, it WOULD strengthen the buying bias and anchor TAO in a favorable medium-term dynamic. Another key indicator: the MACD continues to show a buy signal since July 9. And as long as this signal remains active, the market has little reason to slow down.

To top it off, the RSI index stands at 64, a zone that indicates bullish momentum without signaling overheating. However, a psychological threshold remains: if the RSI crosses 70, some operators might begin to take profits. This is where the subtlety of this market phase plays out: between euphoria and caution, every candlestick counts.

Balance: Macro Catalysts and Tactical Caution

Despite this palpable euphoria, the most experienced in the crypto world know that nothing climbs in a straight line. The macroeconomic context looms like a fluctuating shadow.

The Fed meeting scheduled for next week could inject volatility, as could the reintroduction of tariffs by Donald TRUMP on August 1st. These are external factors increasingly influencing crypto dynamics, proof that this market is no longer an isolated world.

Seasoned traders will therefore keep an eye on key support zones: $375 (50 EMA), $373 (200 EMA), and $369 (100 EMA). As long as the price stays above, the bullish scenario remains intact.

Conversely, a breach of these levels, especially if accompanied by a declining RSI and a faltering MACD, could signal the time for a more marked consolidation. Meanwhile,

TAO wonderfully illustrates this rare convergence between technological hype and structural credibility. In decentralized finance, few projects manage to rally both camps: technical traders and visionaries. But today, Bittensor seems to have found its rhythm. And for an AI crypto, maybe that’s the real signal.

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