Analyzing Bittensor’s bearish structure – Is TAO headed to $200?
Bittensor [TAO] remained under strong selling pressure. Since its rejection at $285, the altcoin has posted lower lows for seven consecutive days. During this decline, TAO dropped to $222 and appeared close to erasing all gains made earlier this month. Amid the sustained sell-off, the altcoin fell below both its short- and long-term moving averages, signaling persistent bearish pressure.