$TAO is still searching for a bottom after a major correction.
Bittensor is building a decentralized AI ecosystem where independent participants contribute and compete to provide AI services. Its long term narrative remains interesting, but the daily chart is showing a much tougher picture.
TAO is trading around $224.2, down 0.66%, after falling from the $341.3 high. Price remains below EMA(7) at $227.2, EMA(25) at $246 and EMA(99) at $250.7. The Supertrend is also bearish at $267.1.
RSI(6) at 38.8 shows momentum is still weak. The recent low around $210.3 is an important level to watch. Holding that area could give buyers room to attempt a recovery, while reclaiming $227 and then $246 would be the first signs of stronger momentum.
The bigger picture is still a correction, but the next move around $210 could tell us a lot. Fundamental is still strong push it for a bounce. Recent improvement make it more positive.
$TAO
Bittensor is building a decentralized AI ecosystem where independent participants contribute and compete to provide AI services. Its long term narrative remains interesting, but the daily chart is showing a much tougher picture.
TAO is trading around $224.2, down 0.66%, after falling from the $341.3 high. Price remains below EMA(7) at $227.2, EMA(25) at $246 and EMA(99) at $250.7. The Supertrend is also bearish at $267.1.
RSI(6) at 38.8 shows momentum is still weak. The recent low around $210.3 is an important level to watch. Holding that area could give buyers room to attempt a recovery, while reclaiming $227 and then $246 would be the first signs of stronger momentum.
The bigger picture is still a correction, but the next move around $210 could tell us a lot. Fundamental is still strong push it for a bounce. Recent improvement make it more positive.
$TAO
