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Bittensor Price Breaks Out of Consolidation Pattern

Guavy AI Editorial Team
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TAO
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Bittensor's price has broken out of its mid-March flag pattern and is showing signs of strength.

The token has been consolidating for several months, but a recent breakout above the pattern's resistance has given buyers control over the short-term trend.

According to TradingView, Bittensor's daily chart shows improving technical momentum, with the token trading above its major EMAs.

The token is currently testing the 200-day EMA near $237, and a sustained move above this level could improve its chances of reaching $290.

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