TAO Coin EMA & RSI Analysis — Consolidation Phase Under Watch
Bittensor (TAO) is trading around $334.60, navigating a consolidation phase between its 50-day EMA ($327.13) and 20-day EMA ($341.55). This range highlights a cautious market, where neither bulls nor bears have full control. The RSI at 47.2 indicates neutral momentum, suggesting TAO is not overbought or oversold, leaving room for either upward or downward moves. Traders should watch for a breakout above the 20-day EMA to confirm bullish momentum, or a drop below the 50-day EMA signaling potential weakness. Momentum confirmation via volume and market sentiment will be key for the next move.