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Bittensor ($TAO ) is showing early signs of structural recovery after enduring a prolonged correction phase. It recently established a short-term bottom and executed a swift bounce off its lows.
- Price Action: Trading around $272.
- Key Indicators: The 14-day RSI is hovering around 53–58, reflecting a healthy shift back to neutral-bullish territory with plenty of room to push higher before hitting overbought constraints. The MACD histogram is steadily shrinking its bearish blocks, signaling decreasing sell pressure and a potential bullish crossover on the horizon.
- Outlook: If TAO holds firmly above the $265 support floor, expect a retest of the immediate $285–$300 resistance zone. #NvidiaSurges6PercentToRecordHigh