#taopriceoutlook
taopriceoutlook
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Bittensor Price Outlook
Current Price: $325.1, down 3.04% on the day.
Bearish Signal: Double rejection at descending trendline, MACD bearish crossover.
Key Levels
Support: $297.5, $263.7 (daily Supertrend).
Resistance: $371 (invalidation level).Target: $297.5 hold could lead to $355 re-test; break below targets $263.7.
Market Context
Institutional Interest: Grayscale's AI fund holds 43.06% TAO weighting.
Derivatives: Open interest decline suggests long-side deleveraging
#BearishSignal #CryptoTrading #TAOPriceOutlook
$TAO
Current Price: $325.1, down 3.04% on the day.
Bearish Signal: Double rejection at descending trendline, MACD bearish crossover.
Key Levels
Support: $297.5, $263.7 (daily Supertrend).
Resistance: $371 (invalidation level).Target: $297.5 hold could lead to $355 re-test; break below targets $263.7.
Market Context
Institutional Interest: Grayscale's AI fund holds 43.06% TAO weighting.
Derivatives: Open interest decline suggests long-side deleveraging
#BearishSignal #CryptoTrading #TAOPriceOutlook
$TAO
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