$TAO MARKET UPDATE: THE BATTLE FOR SUPPORT
Bittensor (TAO) is currently locked in a high-stakes struggle on the 4-hour chart. After a relentless descent from the $296 peak, the asset has plunged into a critical volatility zone.
Key Market Statistics
* Current Price: 227.8 USDC
* 24h High: 235.5
* 24h Low: 224.8
* 24h Trading Volume: 41,035.34 TAO
Technical Breakdown
The price action shows a definitive downtrend characterized by lower highs and lower lows. A brief moment of panic saw TAO bottom out at 215.0 before buyers stepped in to force a minor recovery.
Currently, the price is consolidating sideways, hugging the moving averages as momentum flattens. The volume bars indicate a decrease in selling pressure, but the bulls have yet to mount a convincing breakout.
The Outlook
TAO is at a crossroads. It must hold the 224.8 support level to prevent a retest of the 215.0 floor. If the current consolidation leads to a volume-backed surge above the immediate resistance at 235.5, the trend may finally shift. Failure to hold this ground could signal another leg down in this aggressive correction.
#BTCVSGOLD #CPIWatch #USJobsData #USNonFarmPayrollReport #BinanceAlphaAlert