AI News: Bittensor Takes a Backseat as Story Protocol Gains Attention
AI Sector Performance: The AI sector remained flat over the past week, maintaining a market capitalization of $34 billion, with notable gains from Story (IP), NEAR Protocol, and DeXe, while many small-cap tokens suffered significant losses.
Market Sentiment: Following a major liquidation event, the crypto market is experiencing fear, as indicated by the CMC Crypto Fear and Greed Index slipping back to neutral, despite the average RSI suggesting many assets are oversold.
Key Developments: Positive advancements in the AI space include Google launching its open-source Agent Payments Protocol (AP2), Griffin AI introducing a new transaction execution agent, and Fetch.ai partnering with Build Vertical to enhance AI agent integration with Web3 services.
Overall Market Trends: The AI subsector faced challenges, with less than 20% of AI agent tokens showing positive performance, and a 9% decline in the weighted average market capitalization of AI-related assets, primarily due to weaknesses in large-cap tokens.
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Technical Analysis for TAO
Technical Sentiment Analysis for Bittensor (TAO) As of , Bittensor (TAO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TAO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TAO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bittensor (TAO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 64.073 | 103.437 | 144.073 | 183.437 | 224.073 | 263.437 | 304.073 |
| Fibonacci | 103.437 | 133.997 | 152.877 | 183.437 | 213.997 | 232.877 | 263.437 |
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