🚨 TAO/USDT Perp Update – Real-Time (~$380.6 ▼ -5.84%)

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📰 News & Fundamentals

Bittensor (TAO), a decentralized machine learning network, is under moderate pressure today with no major announcements. Fundamentally, the project remains strong with increasing attention from AI-focused communities, but current market-wide correction is weighing on price.

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📈 Technicals & Entry Zones

TAO recently rejected the $410 resistance and broke down below $390, a key intraday support.

Support: $375 → $350

Resistance: $390 → $410

Entry Long: Bounce from $375 or reclaim of $390 → TP: $410 → SL: $370

Entry Short: On breakdown below $375 with volume → TP: $350 → SL: $385

RSI is nearing oversold, suggesting potential bounce, but trend remains downward unless $390 is reclaimed.

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🧠 Smart Money Activity

Some outflows spotted from top wallets during the drop from $400. No strong accumulation signals yet. Open interest slightly declining, suggesting reduced speculative appetite.

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🎯 Sentiment: Bearish-to-Neutral

Momentum is leaning bearish, but nearing support zones. Key levels must hold to avoid deeper correction.

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#TAO #AIcrypto #TradingUpdate