$TAO
Brief Market Update – TAO
TAO declined 8.21% in the last 24 hours, pressured by bearish technicals, while long-term fundamentals tied to the AI narrative remain supportive.
Key Points
Halving & Institutions: Recent halving and growing institutional interest continue to support long-term bullish sentiment.
Ecosystem Growth: Expanding AI ecosystem and whale accumulation reinforce confidence in Bittensor’s network value.
Short-Term Pressure: Bearish technical indicators signal continued downside risk in the near term.
Summary
TAO faces short-term selling pressure, but strong fundamentals, ecosystem expansion, and institutional interest keep the long-term outlook constructive.
$JELLYJELLY $AKE #ZRC #RAVE #CARV #WriteToEarnUpgrade #USNonFarmPayrollReport
#TAO #Bittensor #CryptoMarket #AIcrypto #Altcoins #Blockchain #Web3