TAO, ZEC, WBT Post Double-Digit Gains, Approach Key Fibonacci Resistance
Bittensor (TAO), Zcash (ZEC), and WhiteBIT Coin (WBT) have posted double-digit weekly gains, each pressing against major Fibonacci resistance levels. TAO surged 28.3% to reclaim the 0.236 Fibonacci level near $236 and now targets $294 (0.382 Fib) and $341 (0.5 Fib), with support at $236. ZEC gained 21.3% after a head-and-shoulders flush, retesting the $240 accumulation zone before rebounding to the 0.618 Fibonacci level near $533. A close above $533 could open the path to $629. WBT rose 20.2% with a V-shaped bounce from $42 support, reclaiming $51 and $53 (0.382 and 0.5 Fib) and now eyes the 0.618 level at $56, aligning with the channel underside. All three altcoins face critical tests this week; bullish continuation requires daily closes above these key levels. Failure may lead to renewed consolidation.
Key facts
- TAO up 28.3%, reclaims 0.236 Fib at $236, next resistance at $294 and $341.
- ZEC up 21.3%, retests $240 support, now at $533 0.618 Fib; close above targets $629.
- WBT up 20.2%, V-bounce from $42, reclaims $51 and $53 Fibs, eyes $56 channel test.
- All three altcoins face key Fibonacci resistance; daily closes needed for continuation.
- Failure to break resistance may lead to consolidation for TAO, ZEC, and WBT.