Bittensor $TAO Price Analysis
Bittensor (TAO) experienced significant volatility last week, briefly surpassing $360 before losing steam and dropping to a low of $288. Despite a weekend recovery, the price has struggled to maintain momentum, falling below the 20-day SMA and entering negative territory.On Friday, June 20, TAO declined over 3%, closing at $341.
Selling pressure escalated on Saturday, with the price plummeting more than 7% to $316, hitting an intraday low of $302. The downward trend continued on Sunday, with TAO reaching an intraday low of $288 before recovering slightly to close at $304.
A bullish rebound emerged on Monday, with the price surging over 15% to reclaim $350, settling at $351. On Tuesday, TAO peaked at an intraday high of $364 but lost momentum, dropping 1.60% to close at $345.Bearish sentiment dominated on Wednesday, with a 6.46% decline, bringing the price to $323. A recovery attempt on Thursday failed after TAO hit an intraday high of $333, ultimately crashing to $315.
Buyers returned on Friday, pushing the price up over 2% to $326. The upward trend continued modestly on Saturday, with a 1.08% increase, settling at $329. Strong bullish momentum on Sunday drove a 5% gain, closing at $346. However, selling pressure has resurfaced in the current session, with TAO down over 3%, trading around $335.