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Bittensor (TAO) Slips 7%; Are Bears Gearing Up for a Bigger Move?

  • Bittensor (TAO) has experienced a 7% price drop in the last 24 hours, currently trading at $405 with resistance at $500.
  • The altcoin has seen significant volatility in 2025, making it attractive yet risky for traders, with highs of $740 in late 2024 and a subsequent correction.
  • TAO is currently in a consolidation phase, showing mixed signs on technical charts with resistance and support trendlines, anticipating a breakout.
  • Key levels to watch are $500 and $550 as resistance and $400 and $350 as support, with indicators like RSI, EMA crossovers, social sentiment, and MACD histogram suggesting market trends.

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