Market Analysis – May 2025
Fetch AI (FET) & BitTensor (TAO)
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1. Fetch AI (FET)
Current Price: $0.64
Technical Overview:
Fetch AI recently lost its major support at $0.70, completing a double-top formation. The next critical level is $0.50, which is also the neckline of a larger cup-and-handle pattern on the weekly chart.
Holding above $0.50 keeps bullish hopes alive for a push toward $1.00.
Losing $0.50 will trigger a major bearish breakdown and could result in 100% retracement or even new lows.
Performance (Last 7 Days):
Down 6.6%
Trade Setups:
Bullish Entry:
Zone: $0.60–$0.64 (only on strong bullish reversal signs)
Target 1: $0.70
Target 2: $1.00
Stop Loss: $0.58 (or daily close below $0.60)
Bearish Entry (Breakdown Play):
Entry: $0.49 (after confirmation: 2 daily closes below $0.50)
Target 1: $0.40
Target 2: $0.30
Stop Loss: $0.53
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2. BitTensor (TAO)
Current Price: $3.56
Technical Overview:
TAO is holding strongly above the critical $3.50 support, despite weak momentum and a bearish double-drop formation.
If $3.50 is lost (2 daily closes below), it opens the path to $2.77, with minor psychological support at $3.00.
For now, it’s stabilizing and showing resilience.
Performance (Last 7 Days):
Down only 2.3%
Outperformed Fetch AI
Trade Setups:
Bullish Entry:
Zone: $3.50–$3.60 (on bullish confirmation)
Target 1: $4.00
Target 2: $4.50
Stop Loss: $3.40 (or 2 daily closes below $3.50)
Bearish Entry (Breakdown Play):
Entry: $3.45 (only after confirmed breakdown)
Target 1: $3.00
Target 2: $2.77
Stop Loss: $3.65
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Summary:
FET: Bearish below $0.70; $0.50 is the final support before collapse.
TAO: Holding better; still safe above $3.50, but risk increases drastically. $FET