#ReboundRally

Bittensor (TAO) Situation

After registering a drop of more than 70% as announced in the analysis on July 4, TAO managed to rebound at its identified support at $190. The bullish hypothesis was realized upon reaching this level. Bittensor reached 270 $ before continuing its rebound over the next seven days. Unfortunately, it was upon contact with 360 $ that the cryptocurrency lost strength. Thus, this price level seems to act as resistance. It is noteworthy that this increase was fueled by the overall performance of the cryptocurrency market, as well as news surrounding Grayscale and its new fund dedicated to decentralized AI that includes the crypto project.