TAO Token Surges 9% as Nasdaq Firms Announce Treasury Investments
Bittensor’s native token, TAO, increased by over 9% to approximately $433.5. Trading volume surpassed $180 million, doubling from the previous day.
Key developments include:
- Synaptogenix plans to purchase $10 million in TAO and aims for $100 million long-term.
- Oblong intends to raise $7.5 million through a private placement to acquire TAO tokens.
Tao Price Outlook
The Relative Strength Index (RSI) is at 56.7, indicating potential for upside. Bollinger Bands show a price breakout above the midline, suggesting increasing volatility with support levels at $411.0 and $352.3.
The MACD indicates a bullish crossover, reinforcing an upward trend. TAO appears to be forming a “cup and handle,” targeting a breakout above $480 which could lead to a rise towards $800, facing resistance at $680-$700.
Current market capitalization of TAO is $3.82 billion, ranking it 31st among cryptocurrencies.
Snorter Bot Presale Success
Snorter Token ($SNORT) has raised over $650k in its presale, focusing on meme coin trading on Solana.
Features include:
- Real-time scam detection with 85% accuracy.
- Reduced trading fees at 0.85% and staking APYs exceeding 487%.
- Utility within Telegram for trading and portfolio management.
Current presale price is $0.0947, with launch scheduled for May 2025.