Bittensor (TAO) token is trading near $427 after falling 5.6% in the past 24 hours, following recent highs around $471ā$480. Since June, it has moved within a range of $295 to $471, with mid-level support at $383.
From a technical perspective, Bittensor continues to show strength: the RSI remains around 62, and the Chaikin Money Flow confirms buying pressure. Trading volume has risen nearly 40% in recent sessions, driven by both retail and institutional activity.
Analysts note that the $470ā$500 zone holds concentrated liquidity and could trigger volatility before a decisive breakout. A close above this range would open the path to new highs, while a rejection could push Bittensor back toward support near $395ā$400.
Against Bitcoin, TAO maintains relative strength, having broken its bullish structure while most altcoins were retreating. The current dynamics indicate buyers remain in control, though the proximity to $500 will be key to defining the next leg of the rally.
Source: https://coinmarketcap.com/currencies/bittensor/
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