$TAO bears are celebrating a 0.08% dip. That’s the tell.
Price is $252.10, with $9.22M traded, but this isn’t real panic. RSI sits at 43, volume is basically 0.0x its 20d average, and the 4h move is only -0.1%. Weak hands love that. 🥱
Yes, TAO is below the 20d and 50d MAs, while longs are paying 0.005% funding. Still, compared with $BTC, this looks more like neglect than capitulation.
At $250, I’d hold my line and watch for a reclaim, not chase strength. @taboracoin is boring right before it gets interesting. ⚡
#Bittensor #AI
Price is $252.10, with $9.22M traded, but this isn’t real panic. RSI sits at 43, volume is basically 0.0x its 20d average, and the 4h move is only -0.1%. Weak hands love that. 🥱
Yes, TAO is below the 20d and 50d MAs, while longs are paying 0.005% funding. Still, compared with $BTC, this looks more like neglect than capitulation.
At $250, I’d hold my line and watch for a reclaim, not chase strength. @taboracoin is boring right before it gets interesting. ⚡
#Bittensor #AI