As Tars AI tops at $0.4208, the increasing demand improves the chances of listing over Binance. Will the changing dynamics and rising volumes drive the bull run to new heights?
By Vishal Dixit
Edited by Julia Sakovich
Updated
3 mins read
With Bitcoin BTC $95 967 24h volatility: 5.7% Market cap: $1.90 T Vol. 24h: $70.04 B price sustaining dominance above the $98,000 mark, the total crypto market cap has reclaimed the $3.5 trillion mark. Amid the improving sentiments, the top AI and big data tokens are making a bullish comeback, with top performers like Tars AI jumping 13.36% over the past 24 hours.
With a comparatively lower market cap of $283 million compared to the other top AI tokens, the Tars AI has surpassed the $0.40 psychological mark. At press time, the TAI token is trading at $0.4101, with a massive 147% surge in the 24-hour trading volume to reach $161.32 million.
Amid the ongoing bullish rally, the AI token experiences a surge in whale interest. With the recent all-time high creation of $0.428, two major whales have accumulated a TAI token.
The two newly activated wallets collectively accumulated 9.09 million TAI tokens. At current prices, this purchase is valued at $3.62 million.
The first wallet, “5BCgq”, accumulated 8.417 million TAI tokens worth $3.35 million. The purchase happened over Vidamute in the past 24 hours. Similarly, a whale wallet, “HapvX,” withdrew 675,303 TAI tokens worth $268K.
The withdrawal occurred over Gate.io Exchange in the last 14 hours. The massive accumulations from whales fuel speculation of a bull run ahead for Tars AI.
Tars AI has climbed to the top six on Binance’s futures NEXT list amid the increasing buzz around the TAI token. This is a list of potentially new listings occurring over the Binance exchange.
With the increased chances of a TAI token getting listed over Binance, bullish speculations are further driving demand and liquidity. As the price momentum surges with the increased on-coin activity and speculations, TAI is positioning itself as a top performer over the past 24 hours.
Amid the increasing demand among whales, the TAI token showcases a bullish comeback in the 4-hour chart. Bouncing off from a long-coming support trendline, the Tars AI price is now challenging a long-standing crucial resistance at $0.40.
The overhead supply zone coincides with the 23.60% Fibonacci level at $0.40. The 4-hour price candle showcases a 2.46% jump, gradually surpassing the supply zone.
A bullish closing above this zone will increase the likelihood of an uptrend continuation in Tars AI. Based on the Fibonacci levels, the upside price targets are at $0.48 and $0.55, coinciding with the 38.20% and 50% levels.
Conversely, a bearish return around will likely retest the 50-day or 100-day simple moving average lines. These dynamic support levels are at $0.3758 and $0.3443, respectively.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
