$TAO is still showing a bearish structure, with lower highs and lower lows. This means sellers have been putting pressure on the price.
đ» Support: $248â$250 is the key area to watch. A breakdown could open the door to further downside.
đą Resistance: $270â$280 could be a challenge if buyers try to push the price higher.
đ What comes next?
If buyers defend support and push the price up, we may see a bounce. But a stronger recovery needs confirmation, not just one green candle.
For now, the trend remains bearish, so I'm watching how price reacts around these levels.
Remember: a trend can change, but confirmation matters!
Always DYOR.Manaege your risk carefully
$TAO
$ZEC
#TAO #bittensor #CryptoAnalysis
đ» Support: $248â$250 is the key area to watch. A breakdown could open the door to further downside.
đą Resistance: $270â$280 could be a challenge if buyers try to push the price higher.
đ What comes next?
If buyers defend support and push the price up, we may see a bounce. But a stronger recovery needs confirmation, not just one green candle.
For now, the trend remains bearish, so I'm watching how price reacts around these levels.
Remember: a trend can change, but confirmation matters!
Always DYOR.Manaege your risk carefully
$TAO
$ZEC
#TAO #bittensor #CryptoAnalysis