FxWirePro- TAOUSD (Chart of the day)

Bittensor is revolutionizing the development of machine learning platforms by decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind.

TAOUSD surged sharply as AI tokens followed the NVIDIA wave.  It jumped more than 12% today and hits a multi-week high around $434.95 and is currently trading around $420.79.

It holds above the short-term (21 and 55 EMA) and below the long-term moving average in the 4-hour chart.

The bullish invalidation can happen if the pair closes below $215. On the lower side, the near-term support is $380. Any break below the target of $357/$325/$300/$280. Any breach below $215 targets $160.

The pair's near-term resistance is around $450. Any breach above confirms minor bullishness. A jump to $500/$600 is possible. A surge past $600 will take it to $05/$1000.

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 It is good to buy on dips around $357-60 with SL around $280 for TP of $500.