Bittensor (TAO) is currently trading at $323.89, showing stability with a 24-hour trading volume of $76.89 million and a market cap of $2.9 billion.
The cryptocurrency is in a phase of technical indecision, with weekly volatility indicating upcoming price swings.
Traders are observing for confirmation signals to determine whether the momentum will lean towards a bullish extension or a bearish retracement.
Technical indicators reveal weak momentum, a tightening Bollinger Bands setup on the 4-hour chart, with the price hovering between $315.44 and $329.57, awaiting a breakout or breakdown trigger.