📉 Bittensor (TAO) Market Update



Bittensor is currently trading above the 200-day EMA at $361 as of Wednesday 🕐, after losing the $400 psychological support in a 5% drop on Tuesday.

⚠️ The overhead resistance at the 50% Fibonacci retracement level ($458) — drawn from the December 6 high of $748 to the April 7 low of $167 — triggered the recent pullback seen this week.

🧭 Key Levels to Watch:

🔹 Immediate Support: $361 (confluence of 50-day, 100-day & 200-day EMAs)

🔹 Next Support: $304 (23.6% Fibonacci level)

🔹 Resistance Zone: Around $458

If TAO slips below $361, the decline could deepen toward $304, but holding above this EMA cluster could signal strength for a rebound 📊

#Bittensor #TAO #CryptoAnalysis #TradingUpdate #Fibonacci #EMA
TAO-0.21%
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Szerovip
· 17h ago
2025 GOGOGO 👊
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