AI Altcoins Poised for Recovery: Bullish Signals Emerge

  • BitTensor (TAO) could face further downside if it breaks below $580 support.

  • NEAR Protocol (NEAR) may recover above $6.70, targeting $7.00 resistance.

  • Grass (GRASS) could reverse if it breaches $3.15, aiming for the $3.30-$3.50 range.

The cryptocurrency market has fluctuated significantly in recent days, with AI-related altcoins like BitTensor (TAO) experiencing notable price drops. Despite this, some traders and analysts believe an AI altcoin bull run may be coming.

BitTensor (TAO) Price Decline and Key Levels

BitTensor (TAO) is currently experiencing a downtrend, with its price falling from a high of $642 to its current value of $583.90, reflecting a 9.07% drop over the past day. Trading volume remains high, at $358.72 million, suggesting continued activity despite the decline. 

Key support levels to watch are $580, a psychological threshold, and $550, which aligns with previous lows. If the price falls below these levels, further downside could be expected. On the other hand, a move above $600 would signal a potential reversal, with the next resistance around $640.

NEAR Protocol (NEAR) Rebound Potential

NEAR Protocol (NE…

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