Is $TAO really ready to turn at $262.90, or is this just another chop trap? 🤔
Bittensor is only +0.30% in 24h, with $19.56M traded. The 4h move is just +0.3%, RSI sits at 45, and volume is a ridiculous 0.1x its 20d average.
That’s not breakout fuel.
Funding is barely positive at 0.004%, so longs are paying while price goes nowhere. $SOL can trend on louder volume. TAO needs buyers to prove this move.
At $270, I’d trim into strength, not chase it. MAs are mixed and TAO is still 23% below its 30d high. @taboracoin is watching the same liquidity fight. 📉🔥
#Bittensor #DePIN
Bittensor is only +0.30% in 24h, with $19.56M traded. The 4h move is just +0.3%, RSI sits at 45, and volume is a ridiculous 0.1x its 20d average.
That’s not breakout fuel.
Funding is barely positive at 0.004%, so longs are paying while price goes nowhere. $SOL can trend on louder volume. TAO needs buyers to prove this move.
At $270, I’d trim into strength, not chase it. MAs are mixed and TAO is still 23% below its 30d high. @taboracoin is watching the same liquidity fight. 📉🔥
#Bittensor #DePIN