Solana (SOL) readies for break higher as Bittensor (TAO) continues ascent

Solana (SOL) readies for break higher as Bittensor (TAO) continues ascent

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Solana (SOL) and Bittensor (TAO) are playing starring roles in this crypto bull market. $SOL looks to be gathering itself for a break higher while $TAO is not letting up in its recent surge towards a new all-time-high.

Everything appears to be rolling along nicely into what could be phase two of the crypto bull market. Bitcoin looks to be attempting to break through the $38,000 resistance once and for all, and the rest of the crypto market is also looking strong.

Total 3 turns resistance into support

Source: Trading View

Total3 (all cryptocurrencies except bitcoin and ethereum) is at a pivotal point right now. The price has hopefully turned resistance into support at $407 billion, and now just needs to break out of the bull flag to send altcoins on their way.

Solana breakout is nigh

Source: Trading View

Solana has confirmed support at $59 and is looking to make its own breakout towards a new local high above $68. Since its big rise during October and into November, the price has been accumulating as it has traversed sideways. Now, sat inside a triangle, $SOL is perhaps ready to go again.

$TAO about to make new high?

Source: Trading View

$TAO is the growth altcoin currently stealing the show. Still with a market cap of less than $2 billion $TAO is continuing its meteoric rise and now stands at #40 for its CoinGecko crypto ranking.

As long as $TAO avoids a retrace from this potential double top and holds above, there could be a whole lot more to come from this decentralised machine learning network. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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