🚨 Bittensor (TAO) Price Analysis: Bearish Trend with Potential Support at $400 🚨

💥 Recent Decline Overview

Bittensor (TAO) reached a peak of $748, but the price has sharply declined since:

📉 Price Drop: Dropped to $562, showing a strong bearish shift.

🔻 Weekend Struggles: Settled at $561 after a near 3% drop, followed by a small recovery (+2.24%) to end at $573.

🔍 Key Price Movements

📉 Bearish Start: Fell 6%, dropping below the 50-day SMA and key $550 support, settling at $518.

⚠️ Continued Decline: Further losses (-4.17% and -3.59%), slipping below $500, and closing at $499.

🚨 Sharp Drop: A massive drop of 10% to $447, with a brief recovery attempt, reaching $469.

🔻 Current Struggles: Currently down almost 3%, trading around $433, with sellers still in control.

🔮 Current Outlook

🔽 Bearish Sentiment: TAO continues to face heavy downward pressure.

💡 Support at $400: $400 may be the next key support level if selling pressure persists.

⚡ What’s Next for TAO?

💥 Critical Support Level at $400: The asset faces a potential rebound or continued decline depending on market sentiment.

🔮 Will Buyers Fight Back?: Will buyers push TAO above $450, or will sellers drive the price further down? Stay tuned!

$TAO

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