Have a nice weekend.
Currently, with a price of $328.4, the TAO token (Bittensor) is in a correction phase after a strong growth cycle. Below is a trend analysis based on price behavior and technical indicators:
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📉 Short-term trend (1–7 days):
- The price has dropped from the $750 range to $328, equivalent to a correction of more than 55% — this is a significant drop that often occurs after strong rallies.
- Trading volume remains high, indicating that the market has not entered a state of 'liquidity death', and may be accumulating.
- Strong support area: $300–$330 — if the price holds this range, the likelihood of forming a short-term bottom is quite high.
- Nearest resistance: $360–$400 — if TAO bounces from the current range, this will be the area to test buying power.
🔁 Medium-term trend (2–6 weeks):
- The RSI indicator is in the oversold area (<30), indicating potential technical recovery.
- MACD is still below the signal line but showing signs of convergence — could signal a slight reversal.
- If TAO can maintain the $300–$330 range in the coming days, a double bottom pattern may form, opening up the opportunity for a recovery to the $450–$500 range.
Currently, with a price of $328.4, the TAO token (Bittensor) is in a correction phase after a strong growth cycle. Below is a trend analysis based on price behavior and technical indicators:
#
📉 Short-term trend (1–7 days):
- The price has dropped from the $750 range to $328, equivalent to a correction of more than 55% — this is a significant drop that often occurs after strong rallies.
- Trading volume remains high, indicating that the market has not entered a state of 'liquidity death', and may be accumulating.
- Strong support area: $300–$330 — if the price holds this range, the likelihood of forming a short-term bottom is quite high.
- Nearest resistance: $360–$400 — if TAO bounces from the current range, this will be the area to test buying power.
🔁 Medium-term trend (2–6 weeks):
- The RSI indicator is in the oversold area (<30), indicating potential technical recovery.
- MACD is still below the signal line but showing signs of convergence — could signal a slight reversal.
- If TAO can maintain the $300–$330 range in the coming days, a double bottom pattern may form, opening up the opportunity for a recovery to the $450–$500 range.
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AAVE
270.8
-0.57%