Bittensor (TAO) Price Action

The Bittensor price recorded a strong bullish price action for the first quarter, resulting in a yearly high of around $800. However, since then, it has constantly traded under a bearish sentiment and has leveled all its annual gains.

The Moving Average Convergence Divergence (MACD) shows a constant flatline with its averages recording a similar action. Moreover, the SMA indicator has recorded a bearish convergence, suggesting a weak price action for the altcoin in the market.

With a bullish trend reversal, the TAO price could retest its resistance level of $326. Negatively, if the bears dominate the market, this altcoin will plunge toward its crucial low of $212 in the coming time.$TAO