š„ These coins have been a bit interesting latelyā¦
NEAR current price is $2.38, flat over the past 1 hour, -3.00% over 4 hours, and -6.995% over 24 hours. The one-day trading range is between $2.328 and $2.591.
This pullback feels more like the market is losing steam along with the broader market. The AI theme has been cooling off recently. As one of the older established chains that got on the AI narrative relatively early, NEAR naturally got hit first when sentiment faded. It doesnāt have any clear independent negative catalystsāitās simply being dragged down with the rest. The key support to watch is $2.33, the 24-hour low. If it canāt hold, the next level is around $2.20. Overhead resistance is first at $2.59; a reversal only really becomes plausible if it regains that level with volume. My take: short-term is weakādonāt rush to buy; wait for it to stop falling and stabilize.
TAO current price is $223.9, flat over the past 1 hour, -3.00% over 4 hours, and -5.726% over 24 hours. It has been ranging between $220.7 and $242.1 in a day.
TAO is one of the leaders in the AI compute sector. As this round of the AI narrative cools down, itās falling a bit harder than the broader market. This is normal profit-taking from earlier strength, when it had already run up a lot. Bittensorās fundamentals havenāt changedāwhatās shifting is the marketās valuation expectations for AI tokens, which are being revised downward. Support sits around the $220 area, near the 24-hour low; a breakdown could accelerate the move. Resistance is first at $242, and above that $250 is the psychological level. My view: it has more staying power than NEAR thanks to the compute narrative, but right now isnāt a great time to enterāwait for stabilization signals.
Overall, AI-related tokens are pulling back together, market sentiment is fairly cold, and the āmaking moneyā effect is fading. For the short term, itās mainly a wait-and-watch situation.
NEAR current price is $2.38, flat over the past 1 hour, -3.00% over 4 hours, and -6.995% over 24 hours. The one-day trading range is between $2.328 and $2.591.
This pullback feels more like the market is losing steam along with the broader market. The AI theme has been cooling off recently. As one of the older established chains that got on the AI narrative relatively early, NEAR naturally got hit first when sentiment faded. It doesnāt have any clear independent negative catalystsāitās simply being dragged down with the rest. The key support to watch is $2.33, the 24-hour low. If it canāt hold, the next level is around $2.20. Overhead resistance is first at $2.59; a reversal only really becomes plausible if it regains that level with volume. My take: short-term is weakādonāt rush to buy; wait for it to stop falling and stabilize.
TAO current price is $223.9, flat over the past 1 hour, -3.00% over 4 hours, and -5.726% over 24 hours. It has been ranging between $220.7 and $242.1 in a day.
TAO is one of the leaders in the AI compute sector. As this round of the AI narrative cools down, itās falling a bit harder than the broader market. This is normal profit-taking from earlier strength, when it had already run up a lot. Bittensorās fundamentals havenāt changedāwhatās shifting is the marketās valuation expectations for AI tokens, which are being revised downward. Support sits around the $220 area, near the 24-hour low; a breakdown could accelerate the move. Resistance is first at $242, and above that $250 is the psychological level. My view: it has more staying power than NEAR thanks to the compute narrative, but right now isnāt a great time to enterāwait for stabilization signals.
Overall, AI-related tokens are pulling back together, market sentiment is fairly cold, and the āmaking moneyā effect is fading. For the short term, itās mainly a wait-and-watch situation.