š $TAO (Bittensor) ā 4-Hour Technical Outlook
As of May 7, 2025, TAO is trading around $365.48, reflecting a modest intraday gain of approximately 0.92%. The price has oscillated between an intraday high of $385.95 and a low of $353.60.
Technical Indicators:
Moving Averages: The 4-hour chart shows TAO trading above its 50-period and 200-period moving averages, indicating a bullish trend.
Relative Strength Index (RSI): The RSI is hovering around the neutral zone, suggesting neither overbought nor oversold conditions.
MACD:
Support and Resistance Levels:
Immediate Support:
Immediate Resistance:
Price is respecting a narrow range between immediate resistance (e.g., around $265) and support (e.g., around $255). A breakout above $265 with strong volume could open room to test $275, while a breakdown below $255 might signal a short-term retracement toward $245.
Prediction: Likely sideways movement with a slight bullish bias if BTC remains stable. Watch for breakout volume to confirm direction.
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