Bittensor (TAO) Price Tests Key Support Level That Could Change Trend
- Price Rebound: Bittensor (TAO) has bounced from the $200-$220 range and formed a higher low, indicating a weakening of seller control and potentially signaling a reduction in downside momentum.
- Breakout Zone: TAO is currently testing the historical support level of $270-$280, and if it can hold above this area and turn it into support, it may pave the way for a price push towards the mid-$300s and beyond.
- Market Decision Point: This price zone previously acted as resistance during the downtrend, and the market's behavior here will determine the future trend direction; a successful breakout could accelerate upward movement.
- Future Outlook: Although the price is at a crossroads, as long as it maintains higher lows, TAO may consolidate and build strength, further driving price increases.
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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 5 technical signals, shows that 2 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 | 66.093 | 104.447 | 141.993 | 180.347 | 217.893 | 256.247 | 293.793 |
| Fibonacci | 104.447 | 133.44 | 151.353 | 180.347 | 209.34 | 227.253 | 256.247 |
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